Ray Dalio, founder of the Westport hedge fund Bridgewater Associates, hailed the successful Moon landing of India”™s Chandrayaan-3 as evidence that the nation is poised for economic dominance.
In a post to X (formerly Twitter), Dalio declared, “India’s successful lunar mission (landing its Chandrayaan-3 spacecraft on the moon) is another one of many straws in the wind showing its ascendence. As previously shown in my health index for countries, which is used to derive my projections for countries’ next 10-year growth rates, India scores on top with a projected growth rate over the next 10 years of about 7%. It has the right mix of ingredients that shows that it has great potential and the right leadership to catalyze it. It reminds me a lot of China in 1984 (when I first went) around the time Deng Xiaoping made his reform and opening up policies that catalyzed China. Congratulations India!”
Dalio has been increasingly supportive of India”™s potential since meeting with Prime Minister Narendra Modi during his U.S. visit in June. After the meeting, Dalio declared, “Modi is a man whose time has come when India’s time has come. Potential of India is enormous and you now have a reformer who has the ability to transform. India and Prime Minister Modi are at a juncture in which a lot of opportunities will be created.”
Photo: Ray Dalio and Prime Minister Narendra Modi during the latter’s recent U.S. visit. Photo via Modi’s Twitter page.
