New Delhi, Oct. 13 -- India's capital market liquidity is probably second only to that of the United States, with regulatory changes, improved infrastructure and greater openness to foreign investment helping accelerate the country's growth, Blackstone President and Chief Operating Officer Jonathan Gray said.

Speaking during a panel discussion titled 'The End of Predictability' at Bloomberg New Economy 2026, Gray said India's investment environment had improved significantly over the past two decades, allowing more companies to list in the country and attracting foreign capital.

"The liquidity in the Indian market is probably second to the United States today," Gray said, highlighting changes in capital market rules introduced by the go...