At an event hosted by the Economic Club of New York, Jamie Dimon, the CEO of JP Morgan Chase, lauded Indian Prime Minister Narendra Modi for his remarkable efforts in implementing economic reforms. Dimon expressed admiration for Modi’s work, stating that some of the reforms introduced in India could be beneficial if adopted in the United States.
During the event, Dimon highlighted Modi’s achievements in lifting millions of people out of poverty and commended his administration for breaking down outdated bureaucratic systems. He referred to Modi as a “tough” administrator and suggested that the US could benefit from similar leadership qualities.
Dimon also praised India’s education system and infrastructure, acknowledging the country’s progress in these areas. He specifically mentioned the country’s indirect tax regime, which he credited with reducing corruption by streamlining tax systems across different states.
The CEO noted India’s advancements in digital identification and banking, with millions of citizens having access to bank accounts and streamlined payment systems. He emphasized the importance of recognizing India’s achievements and learning from their successful initiatives.
The video of Dimon’s remarks was shared on social media by Union Minister Piyush Goyal, further highlighting the positive reception of Modi’s economic policies within international business circles.
Sources By Agencies
