JPMorgan Chase CEO Jamie Dimon. Reuters
Calling India America’s ‘best friend’, Chairman & CEO of JPMorgan Chase Jamie Dimon mentioned that the partnership between the 2 nations is solidifying as “global dynamics undergo significant changes.”
In an interview with CNBC-TV18, Dimon hailed Prime Minister Narendra Modi’s insurance policies geared toward simplifying India’s financial panorama and highlighted the nation’s rising financial potential.
Dimon is on his first go to to India because the pandemic. “India and America are natural partners. Between Russia and China, you have to be kind of non-aligned, but we are your best friend. I mean, anyone who doesn’t think that through hasn’t thought really carefully,” he mentioned.
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He added that leaders from each nations ought to interact in constructive dialogues with a view to adapt to the evolving world panorama and create mutually useful commerce and funding relationships.
Dimon famous, “I’m hoping that political leaders sit down, have these conversations and make these changes in a way that’s not completely disruptive but is dwarfed by the risk of war and nuclear proliferation, things like that. So I think we have to be very cautious about it. But it’s an opportunity for India, and hopefully, you’re going to seize it.”
The JPMorgan Chase CEO additionally highlighted India’s efforts to streamline processes by introducing the Aadhaar system for monetary inclusion, tax simplification, and the promotion of international direct funding.
“Prime Minister Modi has been doing a very good job and things like Aadhaar, to get a bank account for several thousand people, simplifying taxes, trying to open up more for foreign direct investment to National Infrastructure Program. The universe is here, we’re not the only bank here, there are large other banks with a lot of people, but so is Accenture, McKinsey and obviously you have your local Tata, etc, so those things are driving optimism. And it’s not just because of the complications with China, I think that’s an opportunity but some of this optimism would have been there anyway,” he instructed CNBC-TV18.