Colonialism not dead: Uday Kotak's son on UK, India's borrowing rates

Jay Kotak, Kotak Mahindra Bank CEO and billionaire Uday Kotak's son, compared borrowing rates in the UK and India saying, "Colonialism isn't entirely dead!" "India borrows at 7.5% [while] the UK at 4% (10 year government bond). India has similar GDP, higher GDP growth & forex reserves, lower exchange rate depreciation, public debt and fiscal deficit to GDP!" he added.