Akshata Sharma
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At JPMorgan Global Markets Conference in Paris, Dimon told Bloomberg that India, the fastest-growing major economy in the world.
He also praised PM Modi saying," Modi has done an unbelievable job", Noting the government's feat of pulling a large chunk of population out if poverty.
I know the liberal press here, they beat the hell out of him. He’s taken 400mn people out of poverty," Dimon said at the JPMorgan Chase CEO was speaking at a luncheon organised by the Economic Club of New York.
Dimon highlighted PM Modi's efforts in poverty alleviation, infrastructure development, and bureaucratic reforms, emphasizing the remarkable progress India has made under his leadership.
Dimon expressed astonishment at the fact that certain foreign governments frequently criticize PM Modi on topics such as climate change and labor rights, despite the existence of millions in India lacking access to fundamental necessities like toilets.
he stated ,"What you should also keep in mind is that you have a lot of successful companies in India. What makes these companies stand out is that they grew independently and weren't championed by the government.They grew because they are good at what they do in terms of offering their services around the world. If you compare this to other markets and countries, it took a lot of government support to have the companies they have now."
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