Dimon underscored the potential of stronger trade ties between the US and India, viewing them as “natural partners” for the next “100 years”. He expressed optimism for India’s economic future, citing JP Morgan’s recent inclusion of Indian Government Securities (G-Secs) into its index.
This move by JP Morgan is expected to result in a $25 billion influx into Indian G-Secs and potentially lead to lower interest rates in the country. This forecast indicates a significant boost to India’s financial market and further emphasizes the growing economic relationship between India and the US.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Source: Economy - investing.com
