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India ranks as ‘engine of global growth’ despite paradoxes, says Kotak AMC boss
Kotak AMC’s Nilesh Shah calls India the global growth engine, citing its paradoxes and structural strengths.
Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Company, described India as “the engine of the global growth train in the days to come”, pointing to its unique combination of foreign majority stakes in listed companies, strong digital infrastructure and rising manufacturing ambitions.
Speaking at the New York summit, he highlighted India’s ability to host platforms like Meta and Amazon while still being a major exporter of generics and leading space‑missions.
The pledge of US$81 billion FDI last year and the country’s role in global value‑chains were noted as strengths.