Ray Dalio took to Twitter to explain he is 'impressed' by Modi's ability to bring together Indians by 'helping the full range of people, from those who are in abject poverty to rich business leaders.'
is "one of the best, if not the best, leaders in the world" — then clarified his position in a series of follow-up tweets.ratings agency Moody's downgraded India's rating outlook from 'stable' to 'negativeEarlier Thursday, Dalio posted a video on his Twitter account where he shared the stage with Modi at the Future Investment Initiative in Riyadh, Saudi Arabia last month.
Modi delivered a keynote address at the event in Saudi Arabia where he talked about empowering "the poorest of the poor." Dalio and Modi then spoke on a range of topics that included meditation, the state of the world and global conflicts."I am getting a lot of questions about this post, mostly about geopolitics.
Dalio explained he is "impressed" by Modi's ability to bring together Indians by "helping the full range of people, from those who are in abject poverty to rich business leaders.
Still, India's economic problems are mounting. Growth hit a six-year low in the April-to-June quarter, during which the economy grew 5% from a year ago. Its finance sector is in crisis mode, which has hamstrung lending, while the manufacturing sector is struggling, economists said.
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