Billionaire Banker Says Now’s Best Time to Invest in India

Right sectors to invest include digital, pharma, tech: Kotak
No plans to step down from bank’s helm in near future: Kotak

WATCH: Uday Kotak, the managing director of Kotak Mahindra Bank, says overseas investors should look to invest in Indian digital to consumer sector companies. (Source: Bloomberg)

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By Suvashree Ghosh

October 15, 2020 at 4:03 PM UTC

Updated on

October 16, 2020 at 4:40 AM UTC

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Overseas investors should look to invest in Indian digital to consumer sector companies now as the economic fallout of the coronavirus pandemic makes valuations of businesses attractive, Asia’s richest banker said.

“I have always believed you have to invest in India when things look more challenging,” Uday Kotak, the managing director of Kotak Mahindra Bank Ltd. said in a conversation with David Rubenstein, the co-founder of Carlye Group Inc. at the Bloomberg India Economic Summit Thursday. “That’s the best time to put your money to work.”