BlackStone on India's Market
Jonathan Grey CEO of American Private equity company black Stone, says that it views India’s growth as bullish and plans to invest more in India’s infra and real estate projects. Also added that the company has invested half of the Asian exposure in India and outside US, India is the second largest investment destination for the company, after UK.
The US based firm manages globally $915Bn AUM (total Assets under management) as per Q3 2022 data, comprising investments in Real estate, private equity, hedge funds and Insurance. Included in that AUM is $50Bn investment in India in real estate and private equity.
IMF's Jan-2023 Report on India's growth
IMF in its Jan-2023’s world economic Outlook report released on 31st Jan, has projected that India is to continue remaining the fastest growing economy in the world in 2023 and 2024, despite global conditions impeding growth.
. IMF also mentioned in its report that India's Growth rate is expected to be at 6.1% In 2023 moving on to 2024 with expected growth rate of 6.8 percentage, fuelled by domestic demand.