Watch: Ray Dalio likens Modi to Chinese language revolutionary Deng Xiaoping, says points with Muslims gained’t cease India’s development
American investor Ray Dalio supplied his bullish outlook on India’s financial potential. A very intriguing spotlight was Dalio’s comparability of Prime Minister Narendra Modi to Chinese language revolutionary Deng Xiaoping, the chief typically credited with revolutionising the nation’s economic system.
Dalio, the founding father of Bridgewater Associates, was talking on the All-In Summit 2023 at Royce Corridor on UCLA’s campus in Los Angeles, USA. He emphasised that – simply as Deng catalysed China’s financial surge, Modi may very well be the driving pressure behind India’s improvement.
“I believe Modi is a Deng Xiaoping,” Dalio mentioned.
Dalio’s views have been voiced throughout the summit’s podcast hosted by business stalwarts Chamath Palihapitiya, Jason Calacanis, David Sacks and David Friedberg. He underscored India’s excessive potential for development over the subsequent decade. With out revealing particular figures, he acknowledged that India’s development price surpasses all different nations when evaluated via main indicators and statistical measurements.
Whereas acknowledging the existence of points and dangers throughout the Indian context, Dalio was optimistic that none would derail India’s promising trajectory. For him, these challenges usually are not substantial sufficient to impede the nation’s development. He cited inner spiritual points pertaining to the Muslim inhabitants for example, dismissing it as a non-factor in India’s financial journey.
The investor additionally identified the advantageous place of impartial nations in world geopolitics. Amid the continuing battle between the U.S. and China, Dalio argued that nations sustaining a impartial stance, like India, might emerge as the final word beneficiaries.
Dalio’s earlier touch upon PM Modi
In June, Dalio expressed his perception in India’s immense potential and its transformative chief, PM Modi. Dalio mentioned, “Prime Minister Narendra Modi is a person whose time has come when India’s time has come.”
Describing Modi as a ‘radical reformer’, he mentioned, “The potential of India is gigantic and you’ve got now a radical reformer who has the flexibility to rework and the recognition to rework.”
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Up to date: 18 Sep 2023, 02:23 PM IST
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