Global private equity leader Blackstone, which manages a portfolio of $50 billion in India, is positive on India's growth story, despite the recent turmoil in the Indian corporate world, after a scathing report by Hindenburg Research on the Adani group.
In a media interaction by Blackstone president and chief operating officer Jonathan Gray, who is India on a visit, said, “India has outstanding fundamentals for long-term growth. The inflation here is relatively constant”.
Jonathan Gray views the recent market turmoil as an opportunity and believes such impediment is going to raise the bar for everybody and force people to operate at a certain standard. Gray is bullish on India, and opines that the in the current environment, Blackstone's presence would be beneficial for Indian markets. “We can be very helpful because the way we run our companies is incredibly professional, transparent and with the highest standards of corporate governance,” he adds.
Jonathan Gray sees a huge opportunity in India’s infrastructure sector, especially in energy infrastructure.
