Blackstone's Positive Outlook on Dealmaking in India Amid Regulatory Challenges
By
Ishan Verma
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
What Happened:
Blackstone Inc. foresees a robust dealmaking environment in India, their third-largest global market. Despite facing regulatory challenges, the company remains optimistic about the business landscape in the country.
Key Takeaways:
- Blackstone Inc. anticipates strong dealmaking activities in India, despite the need for regulatory changes.
- The Indian government's efforts to streamline business processes, including the implementation of a goods and services tax and alterations to bankruptcy laws, have facilitated Blackstone's accumulation of approximately $50 billion in assets under management in the country.
Do You Know?:
- Goods and Services Tax (GST): A comprehensive, destination-based indirect tax levied on the supply of goods and services.
- Bankruptcy Laws in India: The laws that regulate bankruptcy and insolvency proceedings in the country.