BlackRock CEO Larry Fink on Wednesday made a strong pitch for India’s long-term growth story, saying that “this is the era for India” and urging millions of Indians to invest alongside the country’s economic rise
BlackRock CEO Larry Fink on Wednesday made a pitch for India’s long-term growth story, saying that “this is the era for India” and urging millions of Indians to invest alongside the country’s economic rise.
Speaking at the JioBlackRock event in Mumbai alongside Reliance Industries Chairman Mukesh Ambani, Fink framed India’s rise not as a cyclical trade but as a multi-decade structural story.
“When you think about the growth of India, it’s not a quarter, it’s not a day or week, it’s not a year — it’s over a long horizon,” Fink said. “You could say maybe this is the era for India over the next 20-25 years.”
Long-term horizon, not short-term noise
Fink, who was recently in Davos engaging with global leaders on the evolving world order, downplayed the significance of near-term geopolitical developments for long-term investors.
Referring to the US reciprocal tariff on India, Fink said such developments may have a bearing in the short run but do not alter India’s structural trajectory.
Instead, Fink emphasised that investors must focus on the structural themes underpinning India’s rise: digitisation, technology adoption, financial inclusion and demographic strength.
He also pointed to the digitisation of the rupee and the expansion of digital payments under the Modi administration as key milestones that reshaped commerce across the country.
“I am very worried about other countries. Even the United States is falling behind. We need to be digitised,” Fink said, adding that India has emerged as a leader in democratising technology and expanding access.
According to him, the widespread adoption and local adaptation of global technologies have fuelled consumption, commerce, education and information access across the country.
“The huge intellectualism of India… the dispersion of that technology in India is really what is so inspiring,” he said.
Fink projected that India could grow between 8 per cent and 12 per cent over the next decade, likely stabilising in the 8–10 per cent range — a pace that makes it one of the most attractive long-term investment destinations globally.
“That’s a place where I want to personally invest,” he said.
Investing alongside India’s growth
Fink said that the real transformation will come not merely from foreign capital inflows but from deepening domestic participation in capital markets.
“If you believe in the era of India, we need to compel hundreds of millions of Indians to invest alongside the growth of India,” he said.
Drawing parallels with the United States, Fink noted that Americans who invested in the country’s growth over decades were significantly better off than those who kept their savings in bank accounts.
“The fundamental foundation of any country is having the domestic economy built on the back of retirement savings and excess savings invested alongside growth,” he said.
Greater domestic participation, he said, would reduce India’s dependence on imported capital while strengthening its financial resilience.
For BlackRock — the world’s largest asset manager — India represents not just an investment destination but a structural opportunity spanning decades.
(Disclosure: Firstpost is a part of the Network18 Group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
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