Jamie Dimon stated PM Modi has accomplished an unbelievable job in India
New Delhi:
JP Morgan Chase chief govt officer (CEO) has praised Prime Minister Narendra Modi for doing an “unbelievable job”.Â
Speaking at an occasion hosted by the Economic Club of New York on Tuesday, Jamie Dimon praised the financial reforms carried out by the Narendra Modi authorities and stated a few of them may very well be launched within the US as properly.
“PM Modi has done an unbelievable job in India. I know the liberal Press here, they beat the hell out of him when he’s taken 400 million people out of poverty,” Dimon stated.
Plenty of US authorities officers in India are “fantasizing… how we think they should be running their country”, Dimon stated.
The video of the occasion was shared on X – earlier generally known as Twitter – by Union Minister Piyush Goyal.
Modi has accomplished an unbelievable job in India: Jamie Dimon, CEO of JPMorgan Chase & Co. pic.twitter.com/hGFsDL7m0C
— Piyush Goyal (मोदी का परिवार) (@PiyushGoyal) April 24, 2024
The main banker referred to PM Modi as a “tough” administrator for breaking outdated bureaucratic methods within the nation. “We need a little bit more of that here (in the US),” he stated.
The world banking big’s CEO additionally stated that the nation has an “unbelievable education system” and “unbelievable infrastructure”
Dimon additionally praised the nation’s oblique tax regime which he stated has eliminated corruption by eliminating the disparity in tax methods in numerous states.
 “They have I think its 29 states or something like that, but they all had completely- its almost like Europe that have completely different tax systems, which leads to enormous corruption. He’s breaking all that stuff down,” he stated.
“Every citizen by hand or eyeball or by finger is recognised. They have bank accounts for 700 million people. Their transferred payments are going through,” he stated.