New York City-based Blackstone Group‘s chairman Stephen Schwarzman said a reform-oriented government, weak rupee, bumper exits and new opportunities in bankruptcy and structured capital services will likely make India favorable for aggressive purchases by Blackstone in 2019.
He added that Blackstone has plenty of scope to expand in the private credit sector as Indian banks have to deal with $142 billion of bad loans – and have shrunk their wholesale lending books.
Beyond sectors that earn in foreign currencies, Blackstone’s focus is on domestic consumption – financial services and consumer companies. The distressed space will also offer more opportunities, Schwarzman noted.
Last updated: December 26th, 2025
