Uday S. Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank, speaks to NDTV's Namrata Brar about mood of the economy, outlook for 2013, FDI in insurance and key issues being discussed in Davos 2013. Here is the edited transcript of the interview:

The chairman of Tesco met trade minister Anand Sharma, seeking clarifications on the country's decision to open its supermarket sector to foreign investors, the government said in a statement on Thursday.

India today said it is working on a framework to provide incentives to domestic as well as foreign companies for setting up vocational centres to train youth for jobs in the manufacturing sector.