Billionaire Ray Dalio hails India after meeting PM Modi: On the brink of… - Hindustan Times
close_game
close_game

Billionaire Ray Dalio hails India after meeting PM Modi: On the brink of…

Jun 24, 2023 11:46 PM IST

Ray Dalio said the challenges within China and the US, place Narendra Modi in a unique position to influence the dynamics of the world order.

Billionaire investor Ray Dalio hailed India, saying it is on the brink of the fastest growth after his meeting with Prime Minister Narendra Modi during his state visit to the United States. He also praised Modi stating that India has witnessed the biggest transformations under his leadership, drawing a comparison between Modi and India to Deng Xiaoping and China in the early 1980s.

Prime Minister Narendra Modi's meet with investor Ray Dalio during US State visit.(Twitter/@narendramodi)
Prime Minister Narendra Modi's meet with investor Ray Dalio during US State visit.(Twitter/@narendramodi)

Also Read | Elon Musk hints at ‘Starlink’ launch in India after meeting PM Modi. Here's what you need to know

I am pleased to be able to assist PM Modi, as he is a man whose time has come, just as India's time has also come. He and India are in a similar position to Deng Xiaoping and China in the early 1980s, that is, on the verge of experiencing the fastest growth rates and biggest transformations in the world, Ray Dalio said retweeting one of Modi's tweets about their meeting.

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

The author and co-founder of hedge fund firm Bridgewater Associates further said that the challenges within China and the US, as well as the challenges between these two countries, place Modi in a unique position to influence the dynamics of the world order by shaping the engagements of the non-aligned world with these leading global powers.

Also Read | PM Modi really wants to do right things for India: What Elon Musk said

I believe that Modi has what it takes to have the greatest impact on the largest number of people in the world at a time that the risks of harmful impact are greater than at any time in our lifetimes, he said.

Dalio retired as co-CEO of Bridgewater in 2017 and stepped away as chairman and co-chief investment officer in 2021 and 2022, respectively, according to a report in Forbes.

Earlier on Wednesday, Modi tweeted about his meeting with Dalio, during which they discussed deepening investments in India. Modi said, Met my friend, the distinguished author and investor @RayDalio. I urged him to deepen investments in India and also discussed the reform trajectory of our government.

Modi's meet with other top investors and thought leaders

PM Modi also met other top investors and CEOs during his US state visit, including Tesla's Elon Musk, who hinted at bringing significant investment by EV maker in India as soon as humanly possible. Musk, who also owns Twitter and SpaceX, referred to himself as a Fan of Modi.

According to a Bloomberg report quoted by Business Insider, investor Mark Mobius, after meeting PM Modi in the US, said, To me, India is the real future. Mark Mobius is the founder of Mobius Capital Partners and is known in investment circles for his high-profile bets on Chinese assets.

During his visit, Modi also met other thought leaders, including American economist and policy entrepreneur Paul Romer, popular astrophysicist Neil DeGrasse Tyson, and essayist and statistician Professor Nassim Nicholas Taleb.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, June 23, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On