JPMorgan CEO's praise for ‘tough’ PM Modi: ‘Need a leader like that in US too’ - Hindustan Times
close_game
close_game

JPMorgan CEO's praise for ‘tough’ PM Modi: ‘Need a leader like that in US too’

Apr 25, 2024 07:58 AM IST

JP Morgan CEO Jamie Dimon praised reforms undertaken by the PM Modi regime in the recent past.

Prime Minister Narendra Modi is doing an “unbelievable job” in India, JPMorgan Chase & Co. chief executive Jamie Dimon said, adding that a lot of US government officials are “fantasizing... how we think they should be running their country” while the Indian leader is facing challenges heads on. Speaking at an event organised by the Economic Club of New York, JPMorgan's Jamie Dimon praised reforms undertaken by the PM Modi regime in the recent past.

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US.(Bloomberg)
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US.(Bloomberg)

He said, “Every citizen by hand or eyeball or by finger is recognised. They've bank account for 700 million people. Their transferred payments are going through.”

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

Read more: Tesla layoffs: Company to cut more than 6,000 jobs in Texas, California

Jamie Dimon on PM Modi's initiatives

India has an "unbelievable education system" and “unbelievable infrastructure”, he said, highlighting how PM Modi is very “tough” as he broke traditional bureaucratic systems in the country.

“And we need a little bit more of that here,” he added.

Read more: Want to have great skin? Age-reversing millionaire Bryan Johnson says eat this

Praising India's indirect tax regime which Jamie Dimon said removed corruption by elimination disparity in tax systems followed by different states, he said, “I know the liberal press here, they beat the hell out of him. He’s taken 400 million people out of poverty.”

Read more: HUL, Axis Bank to India Hotels, check out the list of companies to report Q4 results today

Jamie Dimon on US

Cautioning how national debt, inflation and geopolitical conflicts could impact the US economy, he called for a more better and easy relationship between lenders and regulators.

“I would like to see practitioners go back to the government,” he said. On his name being floated for senior economic roles in the US government, he said, “I want to help my country.”

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024,, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Saturday, May 18, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On