Ambani, Fink Urge Indians: Invest in Equities, Not Gold, for Productive Savings

• Mukesh Ambani and BlackRock Chairman Larry Fink advocate for Indians to invest in financial assets over physical gold and silver.
• Ambani highlighted India's 'unproductive' imports of $60 billion in gold and $10-15 billion in silver last year, primarily for domestic savings.
• He emphasized that while Indians are disciplined savers, these savings often don't translate into productive capital formation.
• Redirecting even a fraction of these bullion flows into capital markets could unlock compounding gains for individuals and the economy.
• JioBlackRock aims to provide safe, transparent, and consistent options for Indians to convert savings into earnings through capital markets.