Mahindra Group Chairperson Anand Mahindra on Tuesday hailed Blackstone CEO Steve Schwarzman’s praise of India at the World Economic Forum in Davos, calling it “massive news” and an unprecedented validation of the country.

“Much of the dialogue at Davos has focused on geopolitical turbulence. Justifiably so. However, when the co-founder of one of the world’s most dominant private equity firms states that India provides their highest rate of return globally, that is massive news, even by Davos standards,” Mahindra said in a post on X.

Speaking to CNBC-TV18 on the sidelines of the WEF 2026 in Davos, the Blackstone CEO on Tuesday hailed the company’s India business.

“Our India business is our number one business in the world in terms of rates of return for the investments that we make,” he said.

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Writing further, Anand Mahindra said that Schwarzman’s statement was a great validation for India’s growth trajectory.

“This statement is a far greater validation of India’s trajectory than any claim made by local policymakers or business leaders,” he said.

“Davos is ultimately a convening of capital; when the ‘smart money’ speaks this clearly, the impact is enormous,” Mahindra added.

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Meanwhile, speaking to CNBC-TV18, Schwarzman said Blackstone would accelerate its India additions in the future.

“The firm will accelerate company additions in India, signalling deepening conviction in the market,” he said.

Anand Mahindra’s praise for Blackstone’s head

In his X post, the Mahindra Group Chairman also lauded Amit Dixit, the head of Blackstone Asia.

“My compliments to Amit Dixit, Head of Blackstone Private Equity in Asia, for achieving this podium position,” he said.

Mahindra also shared an interesting story about Dixit, revealing that he used to work for his company at one point.

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“Here’s an interesting sidebar: I’m particularly proud because, many moons ago, Amit spent a year at Mahindra before heading to Harvard Business School. He helped launch Automartindia, which evolved into Mahindra First Choice, now a premier player in the pre-owned vehicle industry.”

Corporate leaders praise India at Davos

Meanwhile, corporate leaders have heaped praise on India at Davos 2026.

KPMG International Global Chairman and CEO Bill Thomas said India’s evolution over the years reflects the incredible momentum being built in physical and digital infrastructure.

Even more importantly, every single year, digital infrastructure has actually positioned India well, he added.

EXL Chairman and CEO Rohit Kapoor said, “Everybody is starting from scratch in terms of the implementation of AI models and implementing AI into the workflow and using it for business.”