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Finance

Blackstone says India top Asian market, eyes infrastructure

U.S. company names India 'major part' of Asian investment strategy

Jonathan Gray, president and chief operating officer of Blackstone: "India is a major part of the anchor of our Asia strategy. Japan and Australia follow that."   © Reuters

MUMBAI (Reuters) -- India will continue to be Blackstone Inc.'s biggest market in Asia and the private equity giant may consider infrastructure investments there in the future, a top company executive said on Tuesday.

The U.S.-based company, which manages nearly a trillion dollars in assets globally, said India is one of its best-performing markets. It is bullish on the South Asian nation due to its faster growth than other large countries and a "government oriented toward growth," Jonathan Gray, Blackstone's president and chief operating officer, said at a news briefing.

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