JP Morgan CEO praises PM Modi for doing an 'unbelievable' job in India

JP Morgan Chase's head Jamie Dimon was all praises for Prime Minister Narendra Modi while speaking at an event organised by the Economic Club of New York. He noted that PM Modi is "tough" as he broke traditional bureaucratic systems in the country.

“Modi has done an unbelievable job in India. I know the liberal press here, they beat the hell out of him. He’s taken 400mn people out of poverty," Jamie Dimon

PM Modi praised

Jamie Dimon further added 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. He praised the reforms undertaken by the PM Modi regime in the recent past.

"They've started this amazing trend where every citizen is recognized by hand, eyeball, or finger. They've opened bank accounts for 700 million people, and payments are being processed smoothly. Their education system and infrastructure are remarkable, lifting the entire country because of one just and tough man. But to break down bureaucracy, you have to be tough, and he's doing just that", he said.

He further went on the praise India's education system and infrastructure "unbelievable" while praising India's indirect tax regime. Jamie Dimon said that this indirect tax system removed corruption by elimination disparity in tax systems followed by different state.

He further criticised certain foreign governments that frequently criticize PM Modi on topics such as climate change and labor rights, despite the existence of millions in India lacking access to fundamental necessities like toilets.

"It's as if we're preaching about climate, labour, and how we believe their country should be run. He has 400 million people without toilets, yet we're telling him how to do things," Dimon said.

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