Billionaire investor Ray Dalio has said that India has the highest potential growth rate among the top 20 countries of the world. Addressing the All-In Summit 2023 at Royce Hall on UCLA’s campus in Los Angeles, Dalio compared PM Modi to China’s Deng Xiaoping, and predicted the country’s massive reforms to translate into economic gains.
“We have 10 year growth rate estimates for India and the top 20 countries of the world. India has the highest potential growth rate. I think India is where China was when I started to go in 1984. So, if you look at the complexion of per capita income, I think Modi is a Deng
Xiaoping. So that you have a massive reform, development, creativity, all those developments,” Dalio, the founder of the world’s largest hedge fund said.
Dalio, speaking on the rise and fall of nations and the changing world order, admitted that there are risk issues but said, “India is very important. I don’t think any of these issues are going to stop India.”
“Also, in history, the countries that were the neutral countries did the best. So in other words – better than the winners in wars. So as we have the conflict between the US and China and its allies, Russia and so on, countries that are in the middle like India are going to be beneficiaries of that”, he added.
