2023-06-24 09:01:25
Billionaire and well-known investor Ray Dalio declared that India is the next great investment opportunity, noting that the country is poised for explosive growth that would mirror China’s economic transformation in the 1980s.
The Bridgewater Associates founder reposted a photo of himself with Prime Minister Narendra Modi, adding that the escalating tensions between Washington and Beijing will only boost the position of the world’s fifth-largest economy.
“Modi and India are in a similar position to Deng Xiaoping and China in the early 1980s – near the fastest growth rates and largest transformations in the world,” Dalio said.
He added that the challenges between China and the United States put Prime Minister Modi in a unique position to influence the shape of the global system by influencing the dealings of non-aligned countries with these two leading global powers.
This comes in the same week that Elon Musk – CEO of Tesla and owner of Twitter – met with the Indian prime minister, and pledged to boost his electric car maker’s presence in India as soon as possible. (cnbc)
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