Blackstone's Jonathan Gray wants to grow India investments from $50 billion to $100 billion in five years

Economic Times reports that Blackstone president and COO Jonathan Gray would like the firm's India investments to grow from $50 billion to $100 billion in five years. Gray said rising energy costs, concerns about AI's impact on IT services and high market valuations have made foreign investors cautious. He sees the pullback as a chance for Blackstone to invest at better prices and said sustained earnings growth could bring global investors back.