DIGITISED RUPEE TRANSFORMED COMMERCE, SAYS BLACKROCK CEO

He was speaking at JioBlackRock event “Investing for a New Era” along with Reliance Chairman Mukesh Ambani.

- TBG NETWORK

Terming it the “era of India”, Larry Fink, Chairman and CEO of BlackRock, on Wednesday lauded the Narendra Modi government for digitising the rupee and transforming commerce across the country, saying he is worried that other nations, including the United States, are falling behind.

Speaking at an event in Mumbai, Fink asserted that India’s growth story must be viewed over a long term horizon rather than through short-term political or market developments.

“When you think about how the Modi administration digitised the rupee and how it transformed commerce in India across the board, I am very worried about other countries. Even the United States is falling behind. We need to be digitised,” Fink said.