India needs to brace for lasting changes amid changing geopolitics and energy shocks, finance industry leader Uday Kotak has said. The global order, amid the US-Israeli war on Iran, is moving towards a “tribal” mindset and Indian companies need to think in terms of long-term national strength, the Kotak Securities chairperson added. “We have not seen the impact in the last two months of the Middle East (West Asia) war in terms of energy price transmission,” Kotak said, speaking at the CII Annual Business Summit 2026 in Delhi. “It’s coming, and it’s coming big, and consumers have not felt the pressure at all. Oil companies had the ability to be the shock absorber, and it’s a large amount of money,” he said. Kotak said India should avoid complacency and be more cautious. “My view is we should prepare for paranoia before the event,” he said, adding, “We must prepare for the worst.”
Published: May 12, 2026 4:40 pm
Source: Hindustan Times — Read original