Uday Kotak, founder of Kotak Mahindra Bank, expresses skepticism about bitcoin, echoing RBI Governor Das' concerns over its risks to financial stability. Meanwhile, Indian stocks have seen a decline, with the Nifty 50 down 2.54% this week, while the 10-year government bond yield rises to 6.854%. Experts highlight India's wealth gap, driven by unequal education access, and call for increased investment in primary education and job creation to address labor market challenges. Despite a recent surge in FDI, concerns remain about sustaining growth and reducing inequality.
