Uday Kotak Warns India on $170 Billion FCNR(B) Repayments
Uday Kotak called India's $130 billion-plus FCNR(B) mobilisation a strong insurance policy against global shocks but warned repayments with interest could total $160-170 billion in three to five years. He said this buffer allows time to strengthen the economy but should not replace structural reforms, technology investment, and efforts to boost domestic competitiveness.
Economic Times·




