India Shines at Davos: Global Leaders Praise UPI, Announce Massive Investments

• Binance CEO Richard Teng lauded India's UPI, suggesting crypto could complement it for 'borderless' payments if regulations clarify.
• Blackstone CEO Stephen Schwarzman revealed plans to double investment in India to $100 billion, citing India's opportunity amid China's economic woes.
• IKEA Global CEO Juvenico Maezu emphasized a long-term commitment to India, advising investors to approach with patience and humility.
• IKEA plans to expand with smaller stores in Tier-2/3 cities and boost online delivery across India.
• Apollo Tyres' Neeraj Kanwar predicted double-digit growth for India's auto sector by 2026, driven by GST rate reductions.

Why It Matters: Global business leaders at Davos expressed strong confidence in India, praising its digital infrastructure and investment potential.