From Wall Street to Dalal Street: Blackstone's $100 Billion Indian Dream

According to Stephen Schwarzman, the top brass of Blackstone who visited Mumbai today, India has proven to be the best-performing market globally for the firm. Blackstone aims to double its footprint in India to about $100 billion, with a whopping 40% returns a year. Schwarzman praised India's economic fundamentals, political stability, and regulatory improvements. He highlighted Blackstone's plans to expand into infrastructure, private credit, and data centers in India. Despite recent market volatility, Schwarzman is confident about the long-term growth prospects for India. As the largest foreign investor and real estate owner in India, Blackstone sees huge opportunity in the likes of healthcare, technology, and energy transition. 

 

Source: Moneycontrol