Government Spending Fuels India’s Growth, Private Sector Must Follow: Ashok Vaswani

In this exclusive conversation with Siddharth Zarabi, Editor of Business Today; Ashok Vaswani, CEO of Kotak Mahindra Bank, discusses the key drivers of India's economic growth for 2025 and beyond. Vaswani emphasizes the crucial role of government spending in sustaining economic momentum, particularly following the election period. He also highlights that while the private sector is in a relatively good shape, sectors like real estate, pharmaceuticals, and tourism show positive signs, aggressive growth plans are yet to materialize. Vaswani stresses that for India to achieve its ambitious goals, private sector expenditure must increase significantly.