Current slowdown in India is a remarkable investment opportunity, says Blackstone CEO
Stephen Schwarzman, chairman, CEO and co-founder, Blackstone. India is currently experiencing a slowdown but still remains a great long-term play and the current decline in the Indian economy is a remarkable opportunity to invest more capital in the country , says Stephen Schwarzman, chairman, chief executive officer and co-founder of Blackstone. Edited excerpts from an interview given on CNBC TV18. What are your views about global slowdown ? It is pretty clear that globally the economy is slowing down at different rates in different parts of the world. Just starting with US, which is the biggest economy as a country, we are slowing in manufacturing but we still have a full employment economy, we still have high levels of consumer confidence and consumers create 70% or maybe even a little more of the economy in the US. So if manufacturing, which is roughly 11%, is a little slower, in fact, going down then we can still keep growing for quite some time unless there is some...