Why Asia's richest man and BlackRock CEO want Indians to pick equities over gold
Cătălin Roșioru
BlackRock CEO Larry Fink and Reliance Industries Chairman Mukesh Ambani want Indians to invest in the country's equity markets instead of gold. The advice comes at a time when the yellow metal has been witnessing heightened volatility, while Indian stocks have been underperforming with the Nifty 50 down nearly 2% so far this year. A large portion of domestic savings in gold and silver "are unproductive," Ambani said during a fireside chat with Fink on Wednesday, adding that money in the "stock
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