JPMorgan CEO Jamie Dimon Praises Modi's Reforms in India
JPMorgan Chase & Co. CEO Jamie Dimon lauded Prime Minister Narendra Modi's leadership in India, highlighting the significant reforms undertaken by his government. During an event hosted by the Economic Club of New York, Dimon commended Modi's efforts in areas such as financial inclusion, education, infrastructure, and bureaucratic streamlining.
Dimon acknowledged the challenges India faces, including poverty and a large population without access to basic amenities. However, he emphasized the progress made under Modi's leadership, particularly in providing bank accounts for 700 million people and streamlining the indirect tax system. He also praised the country's education system and infrastructure development.
Dimon's remarks come amidst criticism of Modi's policies by some sections of the media. However, Dimon defended Modi's record, stating that he has lifted millions out of poverty. He also called for a more harmonious relationship between lenders and regulators and advocated for inclusive economic growth.
Dimon's comments reflect a growing recognition of India's economic potential and the transformative reforms implemented by the Modi government. His endorsement of Modi's leadership is likely to further boost investor confidence in the Indian economy.