PM Modi has lifted 400 million people out of poverty: JP Morgan CEO

  • IANS
  • Stock Market News
PM Modi has lifted 400 million people out of poverty: JP Morgan CEO
Credit: © Reuters.

New Delhi, April 24 (IANS) Prime Minister Narendra Modi has taken 400 million (40 crore) people out of poverty and is doing an “unbelievable job” in India, Global banking giant JP Morgan Chase (NYSE: JPM ) chief executive officer (CEO) Jamie Dimon has said.Speaking at an event hosted by the Economic Club of New York on Tuesday, Dimon lauded the economic reforms implemented by the Modi government and said some of them could be introduced in the US as well.

“Modi has done an unbelievable job in India. I know the liberal Press here, they beat the hell out of him when he’s taken 400 million people out of poverty,” Dimon remarked.

He complimented PM Modi for his resilience in challenging outdated bureaucratic systems, calling him "tough".

The leading banker referred to PM Modi as a "tough" administrator for breaking outdated bureaucratic systems in India and said, “We need a little bit more of that here (in the US)."

The 68-year-old banker also lauded India’s GST regime, which he said has removed corruption emanating from the disparity in tax systems followed by different states.

Dimon highlighted India's advancements in technology and finance, noting the widespread adoption of digital identification and banking services, with over 700 million citizens having bank accounts.

“Every citizen by hand or eyeball or by finger is recognised. They've bank accounts for 700 million people. Their transferred payments are going through," he pointed out.

The banker also praised India's education system and infrastructure, describing them as "unbelievable."

--IANS

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  • Trap Studios India @Trap Studios India
    India me jitne madrse k padhe mu|_|_e hai unke comments jald hi aana chalu honge ab, kyunki unke peeche aag lagi hogi😂
    Like 2
  • Trap Studios India @Trap Studios India
    Jo 10th me fail hai wo BOLTA hai ki job chahiye. Jo qualified h unko job na deke 10vi fail ko job kaun si company degi. maangne waale ka baap na de. Modi doing great work. Sc/st fail hoke reservation ka fayada utha k naukri paa jaate hai. Baaki bas baith k hawa kha rahe. Remove reservation from india.
    Like 1
  • Hillary Dcunha @Hillary Dcunha
    It's totally fake news, as Indians we know what is the fact. He is a big liar.
    Like 0
  • sachin jaitpal @sachin jaitpal
    Modi has brutally disturbed the middle class people, 400 million such a big number said it very easily. on the name of amti corruption this govt has looted the people with high inflation rate and buldosing policies like dictatorship model written off big model if business tycoon and normal citizen has been put on radar
    Like 1
    • 龙 大 @龙 大
      @sachin jaitpal You expressed your point of view, and you are right.
      Like 0
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  • shoshaama kariappy @shoshaama kariappy
    He is heavily put short... nothing else... damn as if he care about poor people...
    Like 1
  • varun sharma @varun sharma
    Very well said bur have u ever thought about whose hard earned money has flown into these 40 cr. Obviously its the honest tax payers. Nothing came out of the hand of big corporates. Its a well devised strategy to bring the lower middle class into poverty. U should be ashamed
    Like 1
    • Ronn Grewal @Ronn Grewal
      I'm glad that you actually pointed out something that makes sense unlike these political leftists. Middle class has always been the main driver of the economy yet & still the most suffered class in India. I completely agree with you that this government has literally done nothing in terms of tax reforms/Tax relief for middle class. Income inequality is matter of concern for densely populated country like India.
      Like 1
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  • Bharat Pandey @Bharat Pandey
    ek aur fek news 5 kilo ration Lene wali kis mein hai
    Like 2
  • Bharat Saini @Bharat Saini
    Trick or Treat!!!!😂
    Like 0
  • umakant tiwary @umakant tiwary
    fake news
    Like 0
  • Kerman Karkaria @Kerman Karkaria
    usni logo ko utha hi diya. 😃
    Like 0
  • Kerman Karkaria @Kerman Karkaria
    master of jumla...
    Like 0
  • priya travels @priya travels
    election time fake news don't believe
    Like 0
  • Ronn Grewal @Ronn Grewal
    Didn't know so many people have better understanding about markets and economics than Jamie. Now, They'll be labelling him as ANDHBHAKT. The meltdown of liberals in comment section is a treat to watch. 😌
    Like 2
    • Mandar Chaphekar @Mandar Chaphekar
      also treat to watch is the emoji of urs with eyes shut... That's what is happening to u, it's good that atleast our eyes are wide open unlike u and this bugger Jamei, who wants too see the economy with closed eyes..
      Like 0
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  • Anoop Menon @Anoop Menon
    that means 30 % of Indiana's got job, or u r calculated resigned and joined also calculated.. i don't thik above statement is correct, don't downgrade your reputation ple
    Like 0
  • Aleemullah Khan @Aleemullah Khan
    🤣🤣🤣🤣
    Like 0
  • Syed Sameer @Syed Sameer
    lol 😆he didn't know anything about ground reality
    Like 3
    • Ronn Grewal @Ronn Grewal
      So true. He knows nothing, Maybe he is a bhakt too. He is just a CEO of JP MORGAN but who cares 😂
      Like 1
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  • Classica Ceramics @Classica Ceramics
    fake news from.na govt
    Like 1

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