JP Morgan CEO praises Modi, says he ‘took 400 million people out of poverty’
The Hindu
JP Morgan Chase CEO praises Prime Minister Modi for lifting 400 million out of poverty and implementing reforms in India.
Prime Minister Narendra Modi is doing an "unbelievable job” in India by pursuing reforms and taking 400 million people out of poverty through inclusive financial programmes, JP Morgan Chase CEO Jamie Dimon has said.
Mr. Dimon made these remarks on April 23 while speaking at an event hosted by the Economic Club of New York.
He praised Prime Minister Modi for the performance of his government.
"Modi has done an unbelievable job in India... He's taken 400 million people out of poverty," Mr. Dimon said.
"They've got an unbelievable education system, unbelievable infrastructure, they're lifting up that whole country, because this one man is just as tough. Nobody. I think you have to be tough to break that down, you know, and he's breaking down some of the bureaucracy...," he said.
He also praised reforms undertaken by Mr. Modi in the recent past.
"They have put in this unbelievable trend that every citizen by hand or eyeball or by finger is recognised. They opened bank accounts for 700 million people. Their transferred payments are going through.” He also called Mr. Modi “tough” for breaking old bureaucratic systems and said, “We need a little bit more of that here (in the U.S.)”.