The meeting was a significant one for both JP Morgan and India’s economy.
Prime Minister Modi met with the JP Morgan International council, which includes several big names in global affairs. The council includes global names like former UK Prime Minister Tony Blair, former Australian PM John Howard, as well as former US secretaries of state Henry Kissinger and Condoleezza Rice. The primary subject of the meeting was Modi’s vision for turning India into a USD$5 trillion economy by 2024. This was also the first time the council met in India since 2007.
JP Morgan’s reception in India was warm and many topics were covered. During the meetings, Modi discussed his broader economic plan and the current state of India’s healthcare and education systems. Modi explained that his priorities are world-class physical infrastructure, affordable healthcare, and improving the quality of education. He also spoke of India’s place in the world and his foreign policy. “On foreign policy front, India continued to work together with its strategic partners and close neighbors to build a fair and equitable multi-polar world order,” he said. In the end, Modi hailed the meetings as a success, tweeting “Very good interaction with the JP Morgan International Council, an illustrious gathering of top policy makers, thinkers, statesmen and stateswomen, captains of industry, innovators among others.”