Uday Kotak Pre Budget Interview On Zee Business With Mihir Bhatt

Thank you very much. I received this award on behalf of 1.2 billion Indians and all of humanity. For me, the most significant thing about this award is that an Indian received it after 11 years. Last time, Narayana Murthy got it in 2002. Interestingly, that was the last year of the Indian government, and this is the first year of the Indian government. Right? The reference yourself. The Indian government has become quite strong. Good days are coming. Now, Narendra Modi's good days are coming. They have come.

There is a bit of price, isn't there? That our Prime Minister speaks in his own language, so the Indian administration feels very proud. I am also trying to improve my Hindi. And in these contacts, IPL's good days have come in the market. You see, the stock market is on you, and with the enthusiasm that Modi ji has, the NDA has come. And the government in its initial days has not yet done anything. Expectations are high. The challenge is that the government has to manage high expectations. My advice to people and investors is to be patient. Give the government time. And if the government takes a little more time than we expect, then control your blood pressure. Everyone who talks to us also says that they hope some steps will be taken to set a direction.

Control of fiscal deficit, i.e., tightening a balance. So people have been ready for short-term pain for long-term good. But the most important thing in this budget will be encouragement to financial savings. If you look at 2017-2018, a lot of money went into real estate and gold. The thing is, at that time, the rest is there. But now, according to me, the policies and the government's increasing financial savings through banks, mutual funds, insurance companies, research — these four areas of investment. Now money should be put into these categories. And for that, the budget should have policies that encourage financial savings. Right now, let me explain two parts. As I said, we should start savings. That can lead to productive investment. So specific tips for that. Second part, like to mention, there might be some troubles, so everyone will have to improve. On the economic industry, everyone should think better. First, the government's focus should be on NREGA. Why? In other words, supporting aspiration, not entitlement. Subsidies should be reduced. Those that are unproductive, where there is no output, those pure subsidies supporting non-productive growth should be reduced. And along with that, we should support opportunity. For example, diesel price still has a big gap between market price and current price. There are two options. It's still going on at 50 paise per month. So either a one-time adjustment of 3000 or a distraction. This is a dormant state. Top leaders and control with you. That bag is to control inflation. Unless fiscal deficit is controlled, inflation will not come down. Unless inflation comes down, interest rates will not be cut. Also, there is a challenge for the new finance minister. The previous administration had left many pending payments. Disinvestment is pending. Revenue had become quite high in the last financial year. So how much flexibility will the finance ministry have? It's a big challenge to deliver in the first budget itself. He may have a lot. Look at Hindustan Zinc, look at Ball, look at Samiti. These are all assets. When they can be monetized, the real public sector banks have many non-core assets. That is a subject for the meeting. From back in the correct and special invitee, 2820 bugs fixed deposit gap can be filled. Lifting or this soil LIC. Not in the first year, but why not in two or three years? If LIC is 100% dormant, why not complain? Look at State Bank, 58% Thomas School. So if instead of 100% government, it starts being 50% government, what difference does it make? The right hand can take care of the office collection in the earliest. The biggest shortcoming will be the correct pulse. And the second part of my question is that animal spirit needs to be repaired, and then investment anger is necessary, which was happening to a large extent. But what was happening? How has it been revised? We have seen a revival in the market, but on a sustained basis, if companies need activity, a variable tour of activity from the marketplace, the problems of nursing incomplete projects can be finished. So this recovery is really an economic recovery. Hard work, control of fiscal deficit, savings, and in the capital markets, the capital that is sent with the money of savers and investors can install investment. So both sides should be focused. Also, some recent initiatives we have seen from the government, which are not at all diplomatic, but they make a difference. And countries are not. The reception and the forum commentary we have heard about the country, or not about the government, you yourself have met many ministers. Comment on power. Now the perception has changed from what it was a year ago about the Indian economy or the Indian government. Now, mechanically, when I come for a meeting, 60% of the soldiers say that India is not talked back in very positive language in the last few days. Back upon its foreign investors channel. Subscribe. Policy. If we change, some quick solution. Global investors are very positive and their money. Subscribe. I couldn't that regarding PSU banks, their balance sheet health has been quite good for three-four years. Now, what is the actual ground reality when you look at the pending infrastructure projects? They got stuck in between. Incomplete and black money needs a solution. Projects which will be completed for PSU banks will be pushed. Non-resident, why bring ownership up to 50%? Subscribe to permission. From banks, loan can be taken, but not for 5 years. The whole governor. A fact which made positive culture and PSU banks and running. Idli change likes. To interpret and government have come face to face.

Drop interest rates is loot number one to inflation rate, number two to the professional money will want in finance. This is directly important because today from both sides, saver mode, what happens is that more voice media channels silently listen to that. So today, now school. My now and last possibility of coming late. Not forget. Not something you. Control inflation. Therefore, supply side action is needed. But there are two ranges. Number one, drops as soon as we have a good monsoon. Iraq panel price. If oil goes up, very different. So these two points. Subscribe this video. Not. C9 age. If we talk about 2000, this job market respect. Loot central. Market first time. What is the real name? How long does it take? Ghungroo. Viewers, my estimate for GDP growth is not 5.5, but 5.7. This 5-year average is estimated at 6.5 percent. Plus every five years, the first year is a big guide. It is getting warmer, so it takes a little time at home. Therefore, the first year of beneficiaries is 6 plus. Full episode. 279. There was a meeting. So anytime you take the basic union, for time, this message to global investors summit or feet under control. Difficult which relation point at one point number 21, stop all waste. This point number three, create an environment where ever make money. Make money in finance. Increase India's saving. And what is the most important point which will get back to India? To give away from entertainment and boost the immune system. Which MB in one.

Factor. In our report, this line is there. That Bigg Boss. And Hindi, I am still trying to improve my Hindi. So my suggestion is that if I shift to Hindi, my Hindi will become even better. There is no question. Right now, I am without Hindi and Gujarati. That is this side.