Mumbai: Blackstone Chairman & CEO Stephen Schwarzman Said That The New Tariff Regime in the Us Has the Potential to Boost Growth and Increase American Consumption Demand.
“I think it is too early to tell if you don't know how this is all going to work out. I think it will result in a significant increase in manufacturing activity in the US, which should increase us growth rates. If that happens, Given the size of the US economy, it would likely benefits the world. A Faster-Growing Us Can Drive Higher Consumption, but this is just one passible Scenario, “said schwarzman.
“What the us is trying to achieve is to have a code on tariffs with each major count; That way, the balance of trade will be determined by how good and cheap your product is. Theory is there should be Anything Standing in the way of that Sort of Decision, Making it easy for a customer to make a choice ”said schwarzman who is visiting India.
Looks to double india bet to $ 100 billion
According to Schwarzman, India is “Quite Well Placed” in Tariff Talks. “Very few countries in the world have had that treatment, and India has alredy made some changes. I anticipate that Negotiations Should Go Relatively Well. There are countries with much bigger differentials, and there'll be a lot more news about them than about India. That's a good place to be. ” He added that the concern in India appeared to be arising because of the uncertainty.
Schwarzman, who chared the President's Strategic and Policy forum during Trump's First Term, said PM Modi had a “very good” meeting with the usersident, where they agreed to a trade.
Blackstone, with over $ 1 trillion in assets globally, AIMS to double its India Exposure to $ 100 Billion. It is India's Larget Foreign Company, Real Estate Owner, and Private Equity Firm.
Schwarzman said India needs more infrastructure investment and better project complaint. Coordination Between the Central and State Govts Remains A Challenge, as Foreign Investors Find the Approval Process Complex. A more transparent tax code would also help, as investors sometimes face Unexpected issues.
Schwarzman, who last visited India just before the pandemic, said the country has allied been a market of “Treminous Opportunity.” The firm plans to expand into credit and infrastructure, bot key global business areas. “India is the fastest-growing Major Economy in the World. While Challenges Exist, they are manageable compared to that in other markets. Unlike some fast-growing economies, India does not face severe debt or real estate cries, Making its growth more sustainable. Despite Market Fluctuations and Political Issues, The Long-Term Trajectory Remains Positive, “He said.
Schwarzman Remained Optimistic About India's Economic Growth Despite Market Correction. “Some believed the market was overvalued, and a correction was expected. When that Haappens, people get nervous. Growth rates have been amon the highest globally, and I don't see anything that will change that in the near to intermediate term. “
(Tagstotranslate) Us tariffs and manufacturing
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