Can India Mobilise Its Savings To Power Its Own Growth Story? Ben Powell Flags The Biggest Challenge
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s biggest challenge is moving domestic savings into productive investments, says BlackRock’s Ben Powell.
- ✓He noted that India has got lots of money and savings to support long-term growth.
- ✓“The challenge for India is can we mobilise some of that saving into more productive assets,” Powell said on NDTV Profit.
Story at a Glance
- Category
- BUSINESS
- Reported By
- NDTV Profit
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
India's biggest challenge in sustaining its growth story may not be a shortage of capital, but its ability to channel domestic savings into productive investments, according to Ben Powell, Chief Investment Strategist for Asia Pacific at BlackRock.
Speaking to NDTV Profit, Powell said India has the financial resources to support its long-term economic ambitions, even as foreign investors grapple with global uncertainties, elevated oil prices and the rush towards artificial intelligence-related investments.
“We think that over the next 10 years there can be trillions of dollars of India household assets which can flow through into financial markets,” Powell said, adding that this could provide a significant funding source for Indian companies while generating returns for investors.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
NDTV Profit
Read the full, original unfiltered story directly on the publisher's portal.