INSUBCONTINENT EXCLUSIVE:
government has by and large managed to rein in inflation and fiscal deficit
he said, adding India was a natural destination for the US private equity, alternative asset management and financial services
firm.
Performance was the only factor driving growth at Blackstone, he said
also pointed out that India was lagging behind not only in physical infrastructure, but also in monetary and legal infrastructure
India needed a more cohesive regulatory infrastructure and faster dispute resolution process, he said.
The Blackstone president said that
the Narendra Modi government has been doing a lot to clear the hurdles, adding India's infrastructure investment at 10 per cent of GDP was
economy has slowed some bit, but was still robust.
