NASDAQ:GRMN News 25 December 2025

February 5, 2026, 2:23 AM EST. Indian billionaire Mukesh Ambani and BlackRock CEO Larry Fink encouraged Indians to invest in equities rather than gold amid volatility in the metal and subdued stock market performance. Gold and real estate still dominate Indian household assets, comprising nearly 59% in fiscal year 2025. However, growing financialization is evident as mutual fund assets are rising, with Bain & Company forecasting retail mutual fund assets to reach $3.3 trillion by 2035, up from $600 billion in 2025. Ambani called physical assets "unproductive" compared to stock market returns. Fink highlighted India's projected 6.4% growth in 2026 and predicted Indian stocks could multiply in value over the next two decades, urging Indians to invest in the country's expanding capital markets to share in its growth.