Uday Kotak cautions against over-spending to protect the lives of present generation

“We must also be clear that we are all borrowing from the future generations,” Kotak said in his note to employees. “This encompasses both spends, with governments having spent huge amounts of money, as also the climate. We owe it to the future generations that we do not overspend on their account just for protecting our lives alone.”

from Economy-News-Economic Times https://ift.tt/3o7AF77