JPMorgan Chase & Co. chief executive Jamie Dimon praised Prime Minister Narendra Modi for doing “an unbelievable job in India”, adding that the “liberal press in US beats the hell out him, when he has taken 400 million people out of poverty”.
“Modi has done an unbelievable job in India…He has taken 400 million people out of poverty. We go and lecture Modi when they want to trade with us… he has 400 million people without toilets. We are lecturing them how to do things.”
During an event organised by the Economic Club of New York, the largest US bank’s CEO also said Modi government has undertaken several reform initiatives and that India has an "unbelievable infrastructure and educational system".
He also complimented the PM for being 'tough' and untangling the country's bureaucratic system, adding that "a little bit more of that” is needed in the US.
“They (India) have got an unbelievable education system. Unbelievable infrastructure. They are lifting their whole country because this one man (PM Modi) is tough.”
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