American investor Ray Dalio has said India has the highest potential growth rate.

Speaking at the All-In Summit conducted by The All-In Podcast, Dalio described India as 'important'.

In the podcast that showcased on social media platform YouTube, Dalio compared Prime Minister Narendra Modi to former Chinese President Deng Xiaoping and spoke about massive reform, development and creativity in India, reports ANI.

At the All-In Summit 2023 at Royce Hall on the UCLA Campus in Los Angeles, Dalio was quoted as saying by the news agency, “We have ten-year growth rate estimates for China excuse me, India and all the countries, top 22 countries. And you could see it online if you want, country by country, and the reasons for it, India has the highest potential growth rate.”

“I think India is where China was when I started to go. I started to go in 1984. So, if you look at the complexion, the per capita income, and I think Modi is a Deng Xiaoping, so that you have a massive reform, development, creativity, all those elements. There are, of course, issues, risk issues, but India is very important,” he added.

Indian economy toppled the UK to become the fifth largest in the world last year.

It is behind China, US, Japan and Germany.