Modi is Xiaoping: No one can stop India’s progress, world’s top investor tells PM Modi Dan Xiaoping

Billionaire investor Ray Dalio, during his address at the All-in Summit 2023 held at Royce Hall on the campus of UCLA in Los Angeles, expressed confidence that India has the highest growth potential among the top 20 countries globally. Drawing parallels between Indian Prime Minister Narendra Modi and China’s veteran leader Deng Xiaoping, Dalio stressed the importance of India’s significant reforms translating into strong economic growth. He said that we have 10-year growth rate projections for India and the top 20 countries of the world. India has the highest potential growth rate. I think India is where China was when I started visiting in 1984.

Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, said that if you look at the pattern of per capita income, I think Modi is Deng Xiaoping. Discussing the rise and fall of nations and the emerging global scenario, he said you can have massive reforms, growth, creativity, all these developments. Dalio acknowledged the presence of some risk factors, but remained optimistic about India’s trajectory. He commented that I don’t think any of these issues is going to stop India.

Furthermore, Dalio pointed out that India will benefit from the ongoing tensions between the United States and China. He said that in history the countries which were neutral countries performed the best. So as we have a conflict between the US and China and its allies, Russia and so on, the countries that are in the middle, such as India, are going to benefit from it.