BlackRock CEO: India’s Next 20-25 Years Will Define Global Growth

India is entering a transformative phase in its economic journey, where domestic investors will play a larger role in driving growth compared to foreign capital, according to Larry Fink, CEO of BlackRock. Speaking at a JioBlackRock event alongside Mukesh Ambani, Fink declared that the next two decades will belong to India, powered by scale, technology, and a rising investment culture.

India’s Growth Powered by Domestic Participation

Fink emphasized that India’s future lies in encouraging millions of households to invest in capital markets — spanning AI, manufacturing, infrastructure, and new-age services. As local participation deepens, India’s reliance on volatile foreign capital will decline, making growth more resilient and sustainable.

On technology, Fink dismissed fears of an AI bubble, noting: “There will be bankruptcies, but that is capitalism — with big successes and failures.”

JioBlackRock Partnership: A Quick Decision, Big Impact

Ambani shared how BlackRock’s return to India was finalized in just a five-minute meeting, leading to the creation of JioBlackRock, a 50:50 joint venture announced in July 2023. Both partners committed $150 million each to build a digital-first asset management platform, combining Jio’s tech reach with BlackRock’s global expertise to expand investing access across India.

India as a Core Pillar of BlackRock’s Strategy

For BlackRock, India is more than an emerging market — it is now central to its long-term vision. The firm ended 2025 with $14.04 trillion in assets under management, and despite global volatility, India continues to stand out as a destination where long-term capital can compound.

Fink reiterated that global capital flows are shifting toward dynamic markets offering structural growth, and India is at the forefront of this transformation.