Praise: “India’s, and PM Modi’s time has come…he is a radical reformer,” says Ray Dalio

Virendra Pandit 

New Delhi:  One of America’s top billionaire investors Ray Dalio on Wednesday praised Prime Minister Narendra Modi, saying India’s and its PM’s time has come, and termed him as a “radical reformer” with the capability and popularity of bringing out transformative changes in India.

After meeting Modi in New York, Dalio said under the PM’s leadership, India is positioned at a “crucial juncture” with a multitude of opportunities ahead.

Tweeting about their interaction, PM Modi said that he urged his “friend” Ray Dalio to deepen investments in India. They also talked about the reform trajectory of the Indian government, he added.

According to Dalio, PM Modi is a man whose time has come at the time that India’s time has also come. “The potential of India is enormous and you have now a reformer, a radical reformer, who has the ability to transform it and the popularity to support it.”

“So I think India and Prime Minister Modi are at a juncture in which they are going to create a tremendous opportunity, tremendous changes in India that are going to be really startling,” Dalio, who is also an author and co-founder of the hedge fund Bridgewater Associates in New York, said.

Taking to Twitter, Ministry of External Affairs Spokesperson Arindam Bagchi said, “A fruitful meeting between PM @narendramodi & investor, author, and co-founder of hedge fund, Bridgewater Associates @RayDalio.”

“PM Modi highlighted reforms undertaken by the government to foster economic growth, including reduction of compliances and decriminalization of a large number of legal provisions. The PM invited @RayDalio for further investments in India,” Bagchi said.

PM Modi, who arrived at the John F Kennedy International Airport in New York, received a rousing welcome from the Indian diaspora at the Hotel Lotte.

“Bharat Mata ki Jai,” slogans reverberated at the hotel as a huge crowd of people from the Indian diaspora cheered and waved their flags seeing the Prime Minister.

After attending the International Yoga Day celebrations at the UN headquarters, PM Modi will travel to Washington DC for a ceremonial welcome at the White House on June 22.

US President Joe Biden and First Lady Jill Biden will host a State Dinner in honor of the Prime Minister the same evening. PM Modi will also address a joint sitting of the US Congress on the same day.

On June 23, US Vice President Kamala Harris and Secretary of State Antony Blinken will jointly host a luncheon meeting with PM Modi.

In addition to official engagements, the Prime Minister is scheduled to have several interactions with leading CEOs, professionals, and other stakeholders.

He will also meet members of the Indian diaspora.