Finance veteran Uday Kotak has emphasized the need for India to reduce its reliance on foreign capital and strengthen domestic sources of long-term risk funding to achieve genuine economic self-reliance. Speaking at a Confederation of Indian Industry (CII) event, he argued that true independence comes when a country does not depend on external financial power or capital flows. He linked this idea to broader national economic behavior, referencing Prime Minister Narendra Modi’s call to promote domestic spending.