Digitization and India's Unique Position

Robert L Goldstein, COO of BlackRock, shares his bullish outlook on India, highlighting its leap in digitization and the pivotal role of its partnership with Jio. India's lack of legacy systems allowed it to skip traditional steps towards digitization, making the phone a central identity tool.

India & The World: A New Center

Goldstein discusses five key themes shaping the global order, emphasizing India's demographic advantage and potential for financial inclusion through technology. With a shrinking workforce in developed countries, India's growing middle class presents a unique opportunity for consumer growth.

Mutual Fund Potential in India

Highlighting the untapped potential of India's mutual fund industry, Goldstein points out the disproportionate size of the market compared to the economy. The majority of wealth in India is tied up in traditional assets, signaling a vast opportunity for growth through capital markets.

On Jio BlackRock: Leveraging Technology for Investment

The partnership aims to bring transparent pricing and advanced portfolio management capabilities to India, utilizing BlackRock's Aladdin platform. The focus is on data-driven investing, leveraging AI for deeper investment insights.