‘India-US are natural partners amid global challenges,’ says JP Morgan Chase CEO Jamie Dimon: Report

JPMorgan Chase CEO Jamie Dimon says India and the US are natural partners amid global challenges, and should enhance their economic connections.

Livemint
Published26 Sep 2023, 09:53 AM IST
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of Detroit event in Detroit, Michigan, US, on Wednesday, Sept. 20, 2023. Dimon has warned for more than a year that, while the US economy is in good shape now, there are significant headwinds, including geopolitical tensions, a message he reiterated at a conference last week. (File Photo: Emily Elconin/Bloomberg
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of Detroit event in Detroit, Michigan, US, on Wednesday, Sept. 20, 2023. Dimon has warned for more than a year that, while the US economy is in good shape now, there are significant headwinds, including geopolitical tensions, a message he reiterated at a conference last week. (File Photo: Emily Elconin/Bloomberg(Bloomberg)

JPMorgan Chase CEO Jamie Dimon said that India and America are natural partners amid global challenges.

Speaking to CNBC-TV18, Dimon said that India and the United States are emerging as natural partners amid the global changes.

Also Read: US issues record number of visas to Indian students amid India-Canada row; 25% given to India

He pointed out that India and the United States have a distinct and special relationship, and they should take advantage of the opportunity to enhance their economic connections even more.

“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,” Dimon told CNBC-TV18.

Also Read: US economy doing well, but there are risks ahead: JPMorgan CEO Jamie Dimon

Dimon acknowledged that India's initiatives aimed at simplifying processes, including the Aadhaar system for financial inclusion, tax reforms, and the encouragement of foreign direct investment, have played a role in boosting investor confidence.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!

He urged political leaders to participate in productive dialogues, adapting to the changing global scenario, and fostering trade and investment partnerships that are mutually advantageous.

Dimon highlighted that India's efforts to streamline various procedures, including the implementation of the Aadhaar system for financial inclusion, simplifying taxation, and actively encouraging foreign direct investment, have played a role in fostering positive sentiment among investors.

Also Read: JPMorgan Chase CEO Jamie Dimon says US ‘need to finish’ banking crisis

"PM 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, and we are 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," Dimon said to CNBC-TV 18.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:26 Sep 2023, 09:53 AM IST
Business NewsNewsWorld‘India-US are natural partners amid global challenges,’ says JP Morgan Chase CEO Jamie Dimon: Report

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    153.40
    03:59 PM | 13 SEP 2024
    1.65 (1.09%)

    Bank Of Baroda

    239.30
    03:49 PM | 13 SEP 2024
    2.1 (0.89%)

    Bandhan Bank

    207.05
    03:57 PM | 13 SEP 2024
    10 (5.07%)

    Zee Entertainment Enterprises

    135.95
    03:59 PM | 13 SEP 2024
    1.2 (0.89%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Linde India

    8,205.20
    03:29 PM | 13 SEP 2024
    623.3 (8.22%)

    IDBI Bank

    94.94
    03:53 PM | 13 SEP 2024
    7 (7.96%)

    IIFL Finance

    523.65
    03:29 PM | 13 SEP 2024
    38.4 (7.91%)

    Home First Finance Company India

    1,203.70
    03:43 PM | 13 SEP 2024
    76.3 (6.77%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      72,200.000.00
      Chennai
      72,220.000.00
      Delhi
      72,890.000.00
      Kolkata
      74,510.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.98/L0.23
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts