Ray was further quoted in a ToI report as saying, “India is where China was in 1984. If you look at per capita income, Prime Minister Modi is Deng Xiaoping. »
Dalio, who was speaking at the All-In-Summit at Royce Hall on the UCLA campus in Los Angeles, hoped that the country’s reforms under Prime Minister Modi would translate into economic growth.
“There are obviously risks to India’s growth, but none of them are likely to be a hindrance. Additionally, the country will benefit from the ongoing conflict between the United States and China,” he said. he declares.
“If we look at history, neutral countries have reaped benefits and done their best than countries at war. In the context of a myriad of ongoing conflicts, neutral countries like India are going to be the beneficiaries.”
Ray Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund. He is often described as a macroeconomic investor adept at quantitative methods.
Recently, Prime Minister Modi met a number of American thought leaders during his visit to the United States, including billionaire investor. India’s gross domestic product (GDP) recorded growth of 7.8% on an annual basis for the June quarter, which was in line with analysts’ expectations. The government estimates that growth in FY24 will be around 6.5%.
Following the first quarter growth figures, rating agency Moody’s raised the GDP estimate for 2023 to around 6.7%, from 5.5% previously.
British bank Barclays said that after the 2024 general election, the country’s GDP growth rate will reach 8% and overtake China as the largest contributor to global growth.
“India is set to remain the fastest growing major economy for some time to come. However, after the general elections, policy may shift towards even faster economic expansion,” he said. declared.
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Ray was further quoted in a ToI report as saying, “India is where China was in 1984. If you look at per capita income, Prime Minister Modi is Deng Xiaoping. »
Dalio, who was speaking at the All-In-Summit at Royce Hall on the UCLA campus in Los Angeles, hoped that the country’s reforms under Prime Minister Modi would translate into economic growth.
“There are obviously risks to India’s growth, but none of them are likely to be a hindrance. Additionally, the country will benefit from the ongoing conflict between the United States and China,” he said. he declares.
“If we look at history, neutral countries have reaped benefits and done their best than countries at war. In the context of a myriad of ongoing conflicts, neutral countries like India are going to be the beneficiaries.”
Ray Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund. He is often described as a macroeconomic investor adept at quantitative methods.
Recently, Prime Minister Modi met a number of American thought leaders during his visit to the United States, including billionaire investor. India’s gross domestic product (GDP) recorded growth of 7.8% on an annual basis for the June quarter, which was in line with analysts’ expectations. The government estimates that growth in FY24 will be around 6.5%.
Following the first quarter growth figures, rating agency Moody’s raised the GDP estimate for 2023 to around 6.7%, from 5.5% previously.
British bank Barclays said that after the 2024 general election, the country’s GDP growth rate will reach 8% and overtake China as the largest contributor to global growth.
“India is set to remain the fastest growing major economy for some time to come. However, after the general elections, policy may shift towards even faster economic expansion,” he said. declared.
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