Larry Fink, the chief executive officer of Blackrock Inc, suggested Indians should invest alongside the country’s economic growth, as the world’s largest asset manager taps Asia’s fastest growing wealth market in partnership with Mukesh Ambani-led Jio Financial Services. With more than $14 trillion in assets, BlackRock is expanding in India to tap into the growing mutual fund industry, as millions of savers enter the banking and financial services system. Assets managed by wealth firms in India are expected to rise to $2.3 trillion by 2029 from $1.1 trillion in 2024, according to Deloitte India. “As more and more families invest alongside the growth of India, India has less need for the importation of capital,” Fink said. For BlackRock, the partnership marked a critical re-entry to fund management in the world’s most-populous nation after exiting in 2018.

Source: The Telegraph February 05, 2026 00:33 UTC