"Prime Minister Modi is doing an unbelievable job in India," Dimon stated, emphasizing the Prime Minister's resilience in breaking traditional bureaucratic systems and implementing significant reforms. "We need a leader like that here in the United States too," he added.

Rajiv Batra, representing JPMorgan Chase & Co., emphasized that the current positioning of global funds in the Indian stock market indicates a strong interest, with investors poised to capitalize on any market corrections as opportunities to increase their holdings.

Once fully integrated into the "Bloomberg Emerging Market 10% Country Capped Index," India is set to join China and South Korea as markets reaching the 10% cap, making it the third-largest country by market capitalization within the index.