JPMorgan Chase Chairman and CEO Jamie Dimon struck a bullish tone at the India Investor Summit.
Dimon praised Indian Prime Minister Narendra Modi for jumpstarting the country's business climate, highlighting policies that enable Indian citizens to get bank accounts more easily, simplifying taxes and boosting foreign investment.
The bank has increased its employee numbers in India from around 6,000 in 2005 to 60,000 today, Dimon added. "The universe is [in India]. We're 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," he said.
India became the world's most populous country in April, with a total of 1.4 billion citizens, according to the
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