Economy well placed to capitalise on recovery in 2021, says K V Kamath

In an interview with Abhijit Lele, K V Kamath'said India needs to be mindful of the pain that exists in the self-employed category and those with unsecured loans

With better-than-expected performance by Corporate India in the second quarter, the economy is better placed to capitalise on recovery in 2021, said veteran banker and chairman of the Reserve Bank of India’s (RBI’) debt restructuring panel K V KAMATH. In an interview with Abhijit Lele, he said India needs to be mindful of the pain that exists in the self-employed category and those with unsecured loans. Edited excerpts:

As 2020 draws to a close, what is your assessment of the economy and the financial system?

When the nationwide lockdown was announced in March, there was a mood of despair. But in less