Uday Kotak Calls for Committee to Tackle India's Gold Hoarding Challenge

Billionaire banker Uday Kotak has highlighted India's deep attachment to gold as a major economic puzzle that needs urgent resolution. He suggested forming a dedicated committee to devise a workable solution around the country's gold consumption habits. The proposed body would aim to balance individual preferences for gold ownership with broader national economic concerns. Kotak specifically flagged the impact of gold demand on India's capital account and current account deficits as key issues to address.