- December 12, 2022
- Posted by: Stratford Team
- Category: Economy
It is time the Union government offered an honest, realistic and objective assessment of where the economy is headed.
Referring to persistent uncertainty on the economic front, following the Covid-19 pandemic, the Ukraine war and other developments, and commenting on the continued risk aversion of domestic business, the banker Uday Kotak told a gathering of business persons last week: “You keep on getting a barrage of bad news from around the world. It’s got to affect your psychology and your mind and we are not immune to this.”
Recalling the global pessimism following the trans-Atlantic financial crisis of 2008-09, Mr Kotak added that he had stopped reading leading financial newspapers at that time “for they only had ‘negative news’.” Mr Kotak is a successful and a highly regarded banker and newspaper owner. So, it is unlikely that he in fact chose to adopt an ostrich-like posture during the 2008-09 financial and global economic…
