After US, India is the easiest place to list a company, says Blackstone's chief operating officer Jonathan Gray
Blackstone's chief operating officer Jonathan Gray has stated plans to increase their investment in India to $100 billion. He highlighted positive sentiments surrounding India's economy, which is growing over 7%. Gray acknowledged recent concerns like rising energy costs but emphasized robust economic momentum. The firm is committed to investing in sectors such as infrastructure, financial…
Blackstone's chief operating officer Jonathan Gray recently told that India is the best performing market for the firm, with a plan to double its investment to $100 billion. Gray expressed optimism about the country's economic momentum, citing strong revenue growth in both the US and India. He also highlighted the potential of AI in boosting productivity for companies operating in India.
Despite some concerns about rising interest rates and the cost of capital, Gray sees India's long-term economic potential as a major opportunity for investors with a long-term perspective. The firm's success in India is attributed to its strong people, including Amit Dixit and Tuhin Parekh, who have been instrumental in building and expanding the firm's presence in the country.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
