Ray Dalio On PM Modi: Ray Dalio, co-founder of investor management company Bridgewater Associates, said in a podcast at the All-in Summit 2023 at the UCLA campus in Los Angeles. That at present India’s growth rate is the highest. During this, he compared India with China of the 1980s and PM Compared Narendra Modi with former leader of the People’s Republic of China Deng Xiaoping.
Ray Dalio said in the podcast that Deng Xiaoping is credited with opening the Chinese economy to foreign investors in the 1980s. He encouraged market based economy like creation of industries in the country. He said that we have an estimate of the growth rate of India for the next 10 years, which also includes the growth rate of 22 countries. India has the highest potential growth rate among all these countries.
‘India’s situation is similar to China’
The co-founder of Bridgewater Associates mentioned that I started going to China in the year 1984. The situation in China at that time was similar to that of India today. In this respect, Modi is like Deng Xiaoping. India has huge scope for development. It’s all creativity. These include all the elements. These certainly include risk issues. However, all of these are very important for India.
The conference in which Ray Dalio talked about India’s development and PM Modi was organized by All-In Podcast. The event included Chamath Palihapitiya, Jason Calacanis, David Sachs and David Friedberg.
Meeted with PM Modi
Ray Dalio said during the Podcast Summit that all the neutral countries that I have seen in history had performed the best. Let us tell you that Ray Dalio had met PM Modi during his US visit in June.
He discussed the reforms made by the government. PM Modi had also invited Ray Dalio to invest more in the country. The billionaire had then said that India’s potential is immense and it is at a juncture where a lot of opportunities will arise.
Deng Xiaoping was the main leader of the People’s Republic of China (PRC) from 1978 to 1989. He became a prominent leader of China after the death of Mao Zedong in 1976. He was a revolutionary and reformist leader.
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