India's growth cannot be dependent on a few cos and groups, should be spread across: Kotak

Veteran banker Uday Kotak has said India's growth cannot be dependent on a few companies or groups and pitched for a more broad-based approach where many entities grow.

Kotak, the founder and non-executive director of Kotak Mahindra Bank, has said while the Indian economy presents a great picture from the "macro" perspective, companies are facing challenges when looked at from the "micro" side.