Jamie Dimon says he is quite optimistic about the future of India

Jamie Dimon said that the bank has been growing its India franchise, and the country has been 'growing quite well', making him 'optimistic about the future of India.'

JPMorgan Chase CEO Jamie Dimon has said that he is quite optimistic about the future of India, and the country has been growing well.

Attending the JPMorgan Investor Conference in Mumbai, Dimon spoke to CNBC-TV18 and underscored the expansion that he has witnessed in the bank's India business. Dimon said that the lender has been expanding with India, and the country has been 'growing quite well', making him 'optimistic about the future.'

Dimon has expressed optimism on India in the recent past as well, calling the India bet 'completely justified.' He is openly praised India for boosting financialization of saving, ramping up infrastructure, and attempting to iron out the goods and services tax reform, along with opening up more spaces for foreign investment.

Talking about the US Presidential election, Dimon said he is not endorsing either Kamala Harris or Donald Trump, and rather focus on the outcome. "I am not endorsing anyone this time, I spend most of my time on policy. What is it that we need that can help both the foreign policy and domestically? I would have a negative income tax, I would have better permit and regulations. When kids graduate, what kind of jobs do they get? So, you're focusing on the outcome and not just the input." He said. Dimon has been cautious on the topic of US election, and said it is hard to predict a winner between Harris and Trump.

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Dimon has in the recent past said that while he sees the US economy 'booming' right now, he does not take the chances of a recession in the US 'off the table.'

Jamie Dimon also played down Trump's proposal to consider him for the post of Treasury Secretary, should he win.