JPMorgan CEO Jamie Dimon Bets Big on India-US Economic Bonding: 'Anyone Who Doesn't Think That...'

This story was first published on the Benzinga India portal.

Jamie Dimon, CEO of JPMorgan Chase & Co JPM, has voiced his support for the strengthening of economic ties between the U.S. and India.

Dimon shared his views in a CNBC-TV18 interview, marking his first trip to India since the start of the global health crisis. He lauded Indian Prime Minister Narendra Modi's efforts to streamline the Indian economy and highlighted India's vast economic potential.

He encouraged political leaders to foster productive conversations to adapt to the evolving global economic scenario and secure mutually advantageous partnerships.

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“India and America are natural partners. I mean, anyone who doesn’t think that through hasn’t thought really carefully,” Dimon stated.

Dimon pointed out India's recent inclusion in JP Morgan’s bond index, anticipating it will draw billions in overseas investment in the forthcoming year. He recognized India's initiatives to simplify procedures like the Aadhaar system - a unique identification system for financial inclusion, tax reform, and the promotion of foreign direct investment.

The deepening alliance between the U.S. and India is often viewed as a counterbalance to China's emerging dominance in the region. With ongoing efforts to simplify processes and draw foreign investment, India is growing increasingly attractive to global economic giants.

Dimon’s acknowledgment of this partnership underscores the anticipated growth in cooperation between the two nations and highlights the significant role India is expected to play in the global economy in the future.

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