Jamie Dimon, Chairman and CEO of JPMorgan Chase, praised Prime Minister Narendra Modi on Tuesday, saying India has made remarkable progress under his leadership.

Dimon’s was speaking at a luncheon organized by the Economic Club of New York. A video clip of his remarks on India was posted on social media by Union Minister Piyush Goyal.

“Modi has done an unbelievable job in India,” Dimon said. He highlighted PM Modi’s efforts in poverty alleviation, infrastructure development, and bureaucratic reforms.

PM Modi’s policies have lifted around 400 million people out of poverty, a monumental feat deserving of recognition, Dimon said.

The JPMorgan CEO also lauded PM Modi’s initiatives such as the Swachh Bharat Abhiyan, which aims to provide sanitation facilities to every household in India.

Dimon praised India’s progress in financial inclusion, saying that the government has opened bank accounts for around 700 million people and has ensured financial access to a significant portion of the population.

“They’ve opened bank accounts for 700 million people, and payments are being processed smoothly. Their education system and infrastructure are remarkable,” Dimon said.

Last week, the International Monetary Fund projected India to maintain its position as the fastest-growing major economy in 2024, raising its growth projections for India from 6.5 percent to 6.8 percent.

(Inputs from ANI)