BX · News · 20260919N

Geographic Market Commentary

Blackstone Inc. · 2026-09-19 · Importance 31 · Surprise 42

Blackstone has shifted its India strategy toward control stakes in IT services, real estate, and manufacturing after initially struggling in the market. President Jon Gray described India as Blackstone’s best-performing private-equity market globally and said the country may be approaching a “tipping point” for accelerated growth. The outlook remains subject to risks from potential trade disagreements and energy costs, while India’s expanding economy and engineering talent pool support further investment opportunities.

Key facts

• Blackstone Inc. initially struggled in India but transformed its strategy to focus on control stakes in IT services, real estate, and manufacturing, making India its top-performing private equity market globally. source
• President Jon Gray believes India is nearing a "tipping point" for accelerated growth. source
• Blackstone Inc. says India faces potential risks from trade disagreements and energy costs. source
• Blackstone Inc. highlights India's expanding economy and vast talent pool, particularly in engineering, as key opportunities. source
• A market screener shows Blackstone yielding over 4%. source