Chairman of the world’s biggest alternative asset manager believes India's growth is secular as it does not have a debt problem

Blackstone chief executive Stephen Schwarzman on Wednesday backed U.S. President Donald Trump's tariffs, saying they will boost manufacturing activity in the United States and spur growth in the world's largest economy.

Stephen Schwarzman, Blackstone’s CEO, believes the new US tariff regime could boost growth by attracting foreign investments and revitalizing US manufacturing. He anticipates significant economic expansion driven by increased manufacturing activity.

Stephen Schwarzman of Blackstone believes the new US tariff regime could boost American growth and global consumption. He indicates India is well-placed in tariff negotiations and highlights the necessity of infrastructure investment and streamlined project approvals.

U.S. President Donald Trump's tariffs can boost manufacturing activity in the United States, the world's largest economy, Blackstone Chief Executive Stephen Schwarzman said on Wednesday.