‘Era of India’: Larry Fink, Mukesh Ambani Praise Digital Reforms and Growth

Global asset management giant BlackRock’s Chairman and CEO Larry Fink and Reliance Industries Chairman Mukesh Ambani have jointly underscored India’s emergence as a leading global growth engine, praising its digital transformation, stable governance, and expanding capital markets.

Speaking at the JioBlackRock event “Investing for a New Era” in Mumbai, Fink lauded the Modi government’s efforts to digitise the rupee and modernise financial systems, calling it a game-changer for commerce and financial inclusion.

Describing the current phase as the “era of India,” Fink said the country’s ability to deploy technology at scale has placed it ahead of many developed nations, including the United States. He warned that countries failing to digitise risk falling behind in the global economy.

Fink stressed that India’s progress should be viewed through a long-term lens rather than short-term political or market fluctuations. According to him, the smartphone revolution, expansion of 5G networks, and rapid adoption of digital platforms since 2012 have fundamentally reshaped Indian society and business.

He also played down the long-term impact of the US-India trade deal, saying it may influence markets in the short run but would not alter India’s structural strengths.

Highlighting India’s intellectual capital, Fink said the country’s ability to absorb and utilise global technologies has transformed sectors such as commerce, education, information, and consumption, creating strong foundations for sustainable growth.

Mukesh Ambani lauds PM Modi

Reliance Chairman Mukesh Ambani echoed these views, attributing India’s rising global profile to stable leadership, consistent policies, and strong economic execution over the past decade.

Using the metaphor of a fruit-bearing tree, Ambani said India is attracting international attention because its economy is delivering visible and sustainable results. He described India as the world’s fastest-growing major economy, with growth rates of 8–10 per cent both achievable and potentially sustainable over the long term.

Ambani credited Prime Minister Narendra Modi’s leadership for providing continuity and clarity in governance, which he said has boosted investor confidence and strengthened economic stability.

He also highlighted the government’s long-term vision of making India a developed nation by 2047 under the “Viksit Bharat” mission, noting that the goal has gained widespread public acceptance.

Pointing to large-scale infrastructure development in roads, telecommunications, and digital connectivity, Ambani said India’s execution capability has become a key competitive advantage.

Both leaders emphasised the importance of expanding domestic participation in capital markets. Fink said greater household investment would help families grow alongside the economy and reduce India’s dependence on foreign capital.

He added that platforms such as JioBlackRock aim to democratise investing by offering transparent, affordable, and technology-driven financial products to millions of Indians.

Reaffirming his optimism, Fink said he was “absolutely convinced” about India’s long-term potential over the next two decades, calling on citizens to actively participate in the nation’s growth story.

Together, the remarks from Fink and Ambani painted a picture of an economy entering a decisive phase, driven by digital innovation, policy stability, and rising domestic investment.

(With inputs from ANI)