Anand Mahindra, the Chairman of the Mahindra Group, made headlines on Tuesday when he reacted to Blackstone CEO Steve Schwarzman’s commendation of India during the World Economic Forum in Davos. Mahindra described Schwarzman’s remarks as ‘massive news,’ emphasizing that this recognition serves as an extraordinary endorsement of India’s economic potential.
He pointed out that a significant portion of discussions at Davos typically revolves around issues of geopolitical instability, which is indeed warranted. However, Mahindra highlighted that when Schwarzman—co-founder of one of the leading private equity firms globally—declares that India yields their highest investment returns worldwide, it marks a pivotal moment, even by the high standards of Davos.
In an interview with CNBC TV18 while attending the WEF 2026 in Davos, Schwarzman expressed his enthusiasm about Blackstone’s operations in India, stating, ‘Our India business is our top-performing segment globally in terms of investment returns.’ This statement underlines the growing significance of India in the global investment landscape.
(Stay tuned for more updates as this story unfolds.)
