'The potential of India is enormous', says billionaire investor Ray Dalio after meeting PM Modi in U.S

"Prime Minister Narendra Modi is a man whose time has come when India’s time has come," said billionaire investor Ray Dalio, after meeting PM Modi in New York.

Expressing his confidence in both India and the PM, Dalio said "The potential of India is enormous and you have now a reformer who has the ability to transform and the popularity to transform."

Meanwhile, PM Modi tweeted about the meeting saying that they discussed the reform trajectory of the Indian government and that he had urged Dalio to deepen investments in India.

Narendra Modi
@narendramodi

Met my friend, the distinguished author and investor @RayDalio. Urged him to deepen investments in India and also talked about the reform trajectory of our Government.

Foreign Ministry spokesperspon Arindam Bagchi called the meet fruitful and said that the PM highlighted reforms undertaken by the government to foster economic growth, including reduction of compliances and decriminalisation of large number of legal provisions and invited Dalio for further investment in India.

Arindam Bagchi
@MEAIndia

A fruitful meeting between PM @narendramodi & investor, author and co-founder of hedge fund, Bridgewater Associates @RayDalio. PM highlighted reforms undertaken by the government to foster economic growth, including reduction of compliances and decriminalisation of large number of legal provisions. PM invited @RayDalio for further investing in India.

Prime Minister Modi also earlier met with Tesla chief Elon Musk who said that he is excited about India's future.