India Inc needs animal spirit, govt nudge for growth: Kotak

Confident of India gaining its "rightful place" in coming years on the world stage alongside the US and China, ace banker Uday Kotak has said Indian corporates also need to combine some "animal spirit" with their judicious capital allocation for their own business growth and add to the economy's expansion.

The Kotak group chief, who has steered one of the most successful banking and financial services sector stories in recent years in India, also favoured nudge from the government and policymakers to the corporates to get that "animal spirit" and said the country should also incentivise delta jobs created in any country.

Kotak, who was here to attend the World Economic Forum annual meeting that saw China positioning itself as a new champion of globalisation, said in an

interview that India has to take its rightful place over the next 5-10 years and the institutions like his will have to contribute to that journey.