Dallas Fed president praises India PM Modi
Fisher describes Texas as ‘crucible of US job creation'
India's election of Narendra Modi reflects the fact that, like in the US, people there are "more pragmatic and business-oriented than they are ideological or inherently bureaucratic," Federal Reserve Bank of Dallas Richard Fisher said in a speech before the US-India chamber of commerce yesterday.
"Almost every US business leader I know" has heard of the story depicting how Modi, while chief minister in the state of Gujarat, had helped an entrepreneur set up a car factory in under 14 months
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