BlackRock Chases Private Credit Deals in Growing Indian Market.

BlackRock, the world's largest asset manager, is seeking opportunities for direct lending in India's expanding private credit market. The company is interested in lending to various sectors, including agriculture and hospitality. India's private credit market has experienced significant growth, reaching a record high of $6 billion in investments in the first half of 2024. BlackRock sees India as a promising market due to Prime Minister Narendra Modi's growth targets and deregulation initiatives. The company views private credit as a key area for growth and aims to catch up to its competitors in this sector. [Extracted from the article]