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Why JPMorgan CEO Thinks Prime Minister Narendra Modi Is Doing an Incredible Job

Why JPMorgan CEO Thinks Prime Minister Narendra Modi Is Doing an Incredible Job


Prime Minister Narendra Modi is doing incredible work in India, believes CEO of JPMorgan Jamie Dimon. Modi has done an incredible job in India. I know the liberal press here, I beat him, but he lifted 400 million people out of poverty. Jamie Dimon said. The JPMorgan CEO was speaking at an event hosted by the Economic Club of New York.
Dimon praised Prime Minister Modi, calling him tough and crediting him for doing a difficult job. We are going to teach Modi a lesson, we fantasize about climate, labor and how we think they should run their country. There are 400 million people without toilets. Really, really, and we explain to them how to do things. They set up this incredible system… every citizen, by hand or eye or finger, is recognized. They opened bank accounts for 700 million people. The transfer payments are happening, they have an incredible education system, incredible infrastructure, they lift up the whole country, because this man is fair, he is tough, he said.
The JPMorgan CEO also thanked Prime Minister Modi for overcoming bureaucratic hurdles. I think they have 29 states or something. It's almost like in Europe, they are completely different tax systems, which leads to huge corruption. He breaks it all down. And so yes, there are examples of people who have just turned things around and you know, we need a little more of that here, he said.
Prime Minister Narendra Modi, who first came to power at the Center in 2014, has made India one of the fastest growing economies in the world. Under his leadership, India climbed several places to become the world's fifth largest economy.




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