Uday Kotak, a prominent figure in India's finance sector and founder of Kotak Mahindra Bank, expressed concerns about the ongoing conflict in West Asia, particularly the US-Israel tensions with Iran, indicating it may signal a return to colonialism. Speaking at a Federation of Indian Chambers of Commerce and Industry (FICCI) event in Mumbai, he drew parallels to the early 20th century, suggesting that global power dynamics are shifting towards economic and strategic control. Kotak clarified that his observations stem from factual global developments rather than political commentary. He highlighted the necessity for India to focus on strengthening its middle manufacturing sector, particularly firms investing between ₹100 crore (approximately $12 million USD) and ₹1,000 crore (approximately $120 million USD), to foster long-term economic resilience and self-reliance. Additionally, he urged large corporations to increase investments in research and development to boost competitiveness and sustain growth in the evolving economic landscape.