India will have the fastest growth in the world, American billionaire expressed confidence - Newztezz Online

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Thursday, February 16, 2023

India will have the fastest growth in the world, American billionaire expressed confidence


American billionaire Ray Dalio has said that India will have the biggest and fastest growth rate. He said that the transformation in the country will be the biggest among the rest of the world.

American billionaire Ray Dalio has said that India will have the biggest and fastest growth rate. He said that the transformation in the country will be the biggest among the rest of the world. According to the report of Gulf News, he made this statement during the World Government Summit in Dubai. In the session titled Governments and the Changing World, he emphasized that India's growth will be the highest in the years to come.

Countries that stay away from war will benefit: Dalio

Dalio further said that the future of India is bright. He said that the study of the last 10 years and what we are seeing in the country, India's growth rate will be the highest and fastest. The country will see the biggest change as compared to other countries of the world. Rau Dalio is the founder of Bridgewater Associates. He said that America and China are engaged in differences regarding power.

At the same time, due to India being a fair country, it will rise higher in terms of growth in the coming years. Dalio said in a conversation with UAE Minister of Cabinet Affairs Mohammed bin Abdullah Al Gergawi that countries that have stayed away from war will benefit.

Very interesting situation in India: American billionaire

The American billionaire further said that India's situation is quite interesting. There is emphasis on some families here. It is not a very open and easy place for business, but it will do well. When asked about Europe, he said that it is a very nice place to visit and enjoy its beauty.

Finance Minister Nirmala Sitharaman presented the general budget in Parliament on February 1, which states that India's gross domestic product (GDP) growth in 2023-24 will be 6.5 percent. Earlier, Sanjeev Sanyal, a member of the Economic Advisory Council, had said that India can achieve an economic growth rate of nine per cent for many years.

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