Billionaire Ray Dalio says India has the most growth potential among top countries

New Delhi: Billionaire investor Ray Dalio has said that India has the highest potential growth rate among the top 20 countries of the world.

Speaking at the All-In Summit 2023 at Royce Hall on the campus of UCLA in Los Angeles, Dalio compared PM Modi to China’s Deng Xiaoping and advocated turning the country’s large-scale reforms into economic gains.

“We have 10-year growth rate projections for India and the top 20 countries in the world. India has the highest potential growth rate. I think India is where China was when I started in 1984. So If you look at the complexion, Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, said, “In terms of per capita income, I think Modi is Deng Xiaoping. So that you have massive improvements, growth, creativity, all these developments.”

Dalio, speaking on the rise and fall of nations and the changing world order, acknowledged that there are risk issues, but said, “I don’t think any of these issues are going to stop India.”

The billionaire investor said that India is going to benefit from the ongoing tussle between America and China.

“In history, countries that were neutral countries did the best. So in other words – better than the winners in wars. So we have the conflict between the US and China and its allies, Russia and so on. Billionaires “The middle class like India will be the beneficiary,” the investor said.