India, June 4 -- After NR Narayana Murthy's 70-hour workweek remark, Nilesh Shah - CEO of Kotak AMC - said that one generation of Indians must work 84 hours a week to "accelerate India's growth" and "transfer everyone to middle and upper-income levels".

Shah made this remark about longer work hours being beneficial for India's growth during the podcast "Invest Aaj For Kal with Anant Ladha".

He said, "Charlie Munger wrote in one of his books that people in Korea worked 84 hours a week for one generation. That means 12 hours a day, every day, every month, every year."

"Recently in India, Narayana Murthy mentioned working 70 hours a week, which caused quite a stir. He said that one generation of Indians needs to work like Koreans, Chinese...