India can benefit from current geopolitical complexity, if it plays the game skillfully: Ben Powell, BlackRock

economictimes.indiatimes.com:

Ben Powell, Chief Investment Strategist for APAC, BlackRock Investment Institute, says we are going to see more and more tie-ups between governments, in terms of legal framework, regulatory permissions, and societal buy-ins. A partnership between governments and private capital is important because many Western countries do not have so much fiscal firepower.
Coming to India, Powell says the BRICS meeting is going on in Russia and we have seen Prime Minister Modi embracing President Putin. Modi will also be sitting down with President Xi later today., India seems to be in a amazing position where on the one hand it is a cherished partner of the BRICS with huge positives, obviously energy and other dimensions and on the other hand, India is an absolute cornerstone of US policy, most obviously through Quad.
What is the future of finance going to look like and how can investors benefit out of it?
Ben Powell: The need to mobilise capital and fund all of the aspirations is the practical reality.

That is something we are going to see more and more all over the world, but particularly, in the West where they have quite a relatively constrained fiscal position. There is a lot of debt in various Western countries.

So, we are going to see the governments, just from a balance sheet perspective, are required to reach out to trusted partners on the capital side to bring private capital to the party. We are going to see more and more tie-ups between governments, in terms of legal framework, regulatory permissions, and societal buy-ins.