Uday Kotak, founder and director of Kotak Bank, cautioned against incoming “shocks” from higher global fuel prices hitting consumers as an aftermath of the West Asian conflict and urged India and India Inc to prepare to rough it out.
“We have not seen the impact in the last two months of the Middle East war in terms of energy price transmission. It is coming, and it's coming big. Consumers have not felt the pressure at all,” Kotak, the past president of the Confederation of Indian Industry (CII), said at the CII Annual Business Summit on Tuesday.
#westasiawar freiburg fc #oilcrisis #petrol #diesel #petrolprice #pmmodi #straitofhormuz #usiranwar
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