THEBUSINESSBYTES BUREAU

MUMBAI, FEBRUARY 4, 2026

Reliance Industries Chairman Mukesh Ambani and BlackRock Chairman and CEO Larry Fink jointly projected India as one of the most compelling global investment destinations for the next two to three decades, urging a fundamental shift in the country’s financial mindset from traditional savings to long-term wealth creation through capital markets. Speaking at JioBlackRock’s ‘Investing for a New Era’ event in Mumbai, the two global business leaders highlighted India’s economic momentum, technological leadership, and demographic strength as key pillars that could drive unprecedented economic expansion.

Fink described India’s rise as a defining global economic narrative, asserting that the next 20-25 years could belong to India if domestic investors actively participate in the country’s growth story. Emphasising the role of capital markets in strengthening economic foundations, he said that long-term investing alongside national growth has historically created stronger financial outcomes than conventional savings instruments. He stressed that encouraging millions of Indian households to invest productively would reduce reliance on foreign capital and accelerate economic transformation.

Expressing strong confidence in India’s digital transformation, Fink credited the rapid adoption of smartphones, expansion of 5G infrastructure, and the digitisation of financial systems as key drivers of economic democratisation. He also projected India’s economy to sustain growth in the range of 8-10 percent over the coming decade, calling it one of the most attractive global investment environments. Highlighting the role of artificial intelligence, Fink said AI will emerge as a major global productivity engine, enabling scientific advancement, improved business efficiency, and economic expansion, though he cautioned that early phases of AI adoption could disrupt certain sectors before delivering broader benefits.

Ambani reinforced the long-term optimism, describing India as a “tree bearing abundant fruit” that is attracting increasing global attention due to stable policy frameworks, consistent leadership, infrastructure expansion, and rapid technological adoption. He said India’s GDP, currently estimated at about $4-4.5 trillion, has the potential to expand to $25-30 trillion over the next three decades, driven by investments in energy self-sufficiency, digital infrastructure, and large-scale physical development.

Highlighting the strategic focus of the JioBlackRock partnership, Ambani said the venture aims to unlock the productive potential of India’s strong savings culture by providing accessible, transparent, and technology-driven investment platforms. He noted that a significant portion of Indian household savings currently flows into unproductive assets such as precious metals, pointing out that India imported nearly $60 billion worth of gold and over $10 billion worth of silver last year for domestic savings purposes. He said redirecting even a fraction of such savings into capital markets could significantly strengthen economic growth and household wealth creation.

Ambani also underlined the transformative role of AI in sectors such as education, healthcare, governance, and security, stating that India’s scale and rapid technology adoption provide a unique opportunity to deliver quality services to over 1.4 billion citizens at globally competitive costs. He described India’s technological journey as a once-in-several-centuries opportunity capable of redefining the country’s global economic standing.

Both leaders emphasised the importance of patient capital, pointing out that India’s large-scale infrastructure, energy transition, and technology expansion projects require long-term investments worth hundreds of billions of dollars. Ambani said capital availability is unlikely to be a constraint for India, noting that the country’s scale, policy continuity, and execution capabilities continue to attract global investors seeking long-term growth opportunities.

Addressing young Indian investors, Ambani encouraged maintaining a disciplined savings approach while shifting towards productive investments capable of generating compounding returns. Fink echoed the sentiment, urging Indians to invest in the country’s economic growth, stating that sustained GDP expansion could translate into strong long-term equity market performance and improved financial security.

Summing up the partnership, Fink described JioBlackRock’s foundation as rooted in purpose-driven investing and long-term client trust, adding that sustainable disruption in financial services would emerge through technology, transparency, and consistent investor engagement. He concluded by emphasising optimism as a key investment principle, stating that long-term growth is driven by imagination, ambition, and the courage to build transformative enterprises.