Blackstone Chairman Schwarzman: India Delivers Best Returns Globally; AI Fuels US Growth

• Blackstone Chairman Stephen A. Schwarzman stated that India is the firm's strongest market globally, delivering the best returns on investments.
• Schwarzman highlighted that Blackstone acts as "ambassadors for India in the developed world" due to its significant investments across various sectors.
• He noted that artificial intelligence is driving substantial economic growth in the US, with a recent 4.3% expansion in GDP, largely due to data center construction.
• Schwarzman warned of potential power shortages in the US due to surging electricity demand from data centers and stagnant grid growth over two decades.
• Despite geopolitical tensions, global markets remain resilient, with AI-driven growth dominating investor focus, according to Schwarzman.

Why It Matters: India is Blackstone's top-performing market globally, while AI-driven data center growth fuels US economy but strains power grids.