BlackRock CEO Larry Fink has called on India to expand its capital markets so citizens can benefit from the country’s strong economic growth.
Speaking in Mumbai, he noted that many Indians prefer bank deposits or gold over equities, missing opportunities to build wealth as the economy grows at 8–10% annually. Fink highlighted India’s robust financial infrastructure, including digital payments and the potential for asset tokenization, and emphasized the need for stronger domestic markets rather than relying heavily on foreign investment.
He also addressed AI concerns, saying underinvestment is a bigger risk globally.