IANS | 24 Apr, 2024
Prime Minister Narendra Modi has taken 400 million (40 crore) people
out of poverty and is doing an “unbelievable job” in India, Global
banking giant JP Morgan Chase chief executive officer (CEO) Jamie Dimon
has said.
Speaking at an event hosted by the Economic Club of New
York on Tuesday, Dimon lauded the economic reforms implemented by the
Modi government and said some of them could be introduced in the US as
well.
“Modi has done an unbelievable job in India. I know the
liberal Press here, they beat the hell out of him when he’s taken 400
million people out of poverty,” Dimon remarked.
He complimented PM Modi for his resilience in challenging outdated bureaucratic systems, calling him "tough".
The
leading banker referred to PM Modi as a "tough" administrator for
breaking outdated bureaucratic systems in India and said, “We need a
little bit more of that here (in the US)."
The 68-year-old banker
also lauded India’s GST regime, which he said has removed corruption
emanating from the disparity in tax systems followed by different
states.
Dimon highlighted India's advancements in technology and
finance, noting the widespread adoption of digital identification and
banking services, with over 700 million citizens having bank accounts.
“Every
citizen by hand or eyeball or by finger is recognised. They've bank
accounts for 700 million people. Their transferred payments are going
through," he pointed out.
The banker also praised India's education system and infrastructure, describing them as "unbelievable."