Ray Dalio is the founder of Bridgewater Associates.
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Ray Dalio heralded India’s economic potential following its moon landing on Wednesday.
The Chandrayaan-3 landing was “one of many straws in the wind showing its ascendance,” he said.
The Bridgewater founder is one of many hailing India as the next big investing opportunity.
Billionaire investor Ray Dalio restated his optimism about India following its first moon landing.
“India’s successful lunar mission … is another one of many straws in the wind showing its ascendance,” Dalio said in a post on X.
“As previously shown in my health index for countries, which is used to derive my projections for countries’ next 10-year growth rates, India scores on top with a projected growth rate over the next 10 years of about 7%,” he added.
“It has the right mix of ingredients that shows that it has great potential and the right leadership to catalyze it. It reminds me a lot of China in 1984 (when I first went) around the time Deng Xiaoping made his reform and opening up policies that catalyzed China. Congratulations India!” the Bridgewater Associates founder continued.
India made history on Wednesday when it landed its Chandrayaan-3 spacecraft on the moon’s south pole. The landing meant India became the first country to reach what is thought to be the most water-rich region on the moon – beating Russia, China, and the US.
“India is now on the moon,” said Indian prime Minister Narendra Modi.
Dalio has hailed India as the next big global investing opportunity previously amid worsening relations between Washington and Beijing.
The world’s most populous country is “at the brink of the fastest growth rates and biggest transformations in the world,” he said in June.
Dalio’s praise of India mirrors a chorus of other names in global investing and business, including Elon Musk and Goldman Sachs, who think India’s economy holds considerable potential.