New Delhi, Dec. 22 -- Billionaire investor Ray Dalio, in a recent podcast with Zerodha co-founder Nikhil Kamath, expressed optimism about India's growth prospects, saying the country has the best ingredients for strong growth over the next decade.

Commenting on India's outlook, Dalio said that it is on a "wonderful arc" in terms of its circumstances, potential, and development. He said he finds similarities between Prime Minister Narendra Modi and China's Deng Xiaoping in terms of creating structural changes.

Dalio further added that I've created leading indicators to project countries' growth rates over the next 10 years, and India ranks the best. "India likely has the strongest fundamentals for the highest growth rate."

His optimism ...