Prime Minister Narendra Modi is doing an unbelievable job in India, believes JPMorgan CEO Jamie Dimon. “Modi has done an unbelievable job in India… I know the liberal press here, beat the hell out of him, but he has taken 400 million people out of poverty,” Jamie Dimon mentioned. The JPMorgan CEO was talking at an occasion organised by the Economic Club of New York.
Dimon lauded PM Modi, calling him robust and crediting him for doing a troublesome job.“We go lecture Modi…we’re fantasizing about climate, labour and how we think they should be running their country. He has 400 million people without toilets. Really, really, and we’re lecturing them how to do things. They put in this unbelievable system..every citizen by hand or by eyeball by finger, is recognised. They have opened bank accounts for 700 million people. The transfer payments are going through, they’ve got an unbelievable education system, unbelievable infrastructure, they’re lifting up that whole country, because this one man is just, he’s tough,” he mentioned.
Dimon lauded PM Modi, calling him robust and crediting him for doing a troublesome job.“We go lecture Modi…we’re fantasizing about climate, labour and how we think they should be running their country. He has 400 million people without toilets. Really, really, and we’re lecturing them how to do things. They put in this unbelievable system..every citizen by hand or by eyeball by finger, is recognised. They have opened bank accounts for 700 million people. The transfer payments are going through, they’ve got an unbelievable education system, unbelievable infrastructure, they’re lifting up that whole country, because this one man is just, he’s tough,” he mentioned.
The JPMorgan CEO additionally credited PM Modi for breaking down bureaucratic hurdles. “I think they have 29 states or something like that. It’s almost like Europe, they’re completely different tax systems, which leads to enormous corruption. He’s breaking all that stuff down. And so yeah, there are examples of people who have just turned these things around and you know, we need a little bit more of that here,” he mentioned.
PM Narendra Modi secured energy on the Centre for the primary time in 2014 and was re-elected in 2019. His social gathering, the Bharatiya Janata Party (BJP), together with the coalition National Democratic Alliance (NDA), has been governing India for a decade.
