Blackstone Inc, a US-based firm that manages nearly a trillion dollars in assets globally, is bullish on India due to its faster growth than other large countries and a “government oriented towards growth”. The firm has invested $50 billion in India, including in private equity and real estate, and has made over a billion dollars in real estate share sales alone in the past year. Blackstone also plans to invest more in data centres and warehousing, and may even consider investing in Indian infrastructure in the future. While the firm is bullish on India, it is taking a selective approach in China due to geopolitical factors. President Joe Biden’s administration plans to ban investments in some Chinese technology companies and increase scrutiny of others.
Today: December 6, 2023