Kotak, who is the founder of the Kotak Mahindra Bank, also backed Prime Minister Narendra Modi’s appeal to citizens on austerity and moderated consumption. Speaking at the CII Annual Summit on Tuesday, the banker said India must brace for prolonged global uncertainty.

Gandhi’s letter, sent from his Delhi residence on Tuesday (May 12), outlined several critical points regarding the selection process and asserted that the Leader of Opposition cannot be treated as a “rubber stamp.”