American billionaire investor Ray Dalio has expressed admiration for Prime Minister Narendra Modi and termed him as a “radical reformer” with the capability and popularity of bringing out transformative changes in India.
On Tuesday after meeting in New York with PM Modi who is on an official State visit to the US, Dalio said that under PM Modi’s leadership India is positioned at a “crucial juncture” with a multitude of opportunities in its path.
According to Dalio, PM Modi is a man whose time has come at the time that India’s time has come. “The potential of India is enormous and you have now a reformer, a radical reformer, who has the ability to transform it and the popularity to transform it.”
“So I think India and Prime Minister Modi are at a juncture in which there’s going to create a tremendous opportunity, tremendous changes in India that are going to be really startling,” Dalio said.
Dalio is an author and co-founder of the hedge fund Bridgewater Associates in New York.
Taking to Twitter, Ministry of External Affairs Spokesperson Arindam Bagchi said, “A fruitful meeting between PM @narendramodi & investor, author and co-founder of hedge fund, Bridgewater Associates @RayDalio.”
“PM highlighted reforms undertaken by the government to foster economic growth, including reduction of compliances and decriminalisation of a large number of legal provisions. PM invited @RayDalio for further investing in India,” Bagchi said.
PM Modi who arrived at John F Kennedy International Airport in New York earlier today received a rousing welcome from the Indian diaspora at the Hotel Lotte.
“Bharat Mata ki Jai,” slogans reverberated at the hotel as people from the Indian diaspora cheered and waved their flags seeing the Prime Minister.
After attending Yoga Day celebrations at the UN headquarters on June 21, PM Modi will then travel to Washington DC and will receive a ceremonial welcome at the White House on June 22.
Source ANI
