Prime Minister Narendra Modi who delivered the keynote address at Saudi Arabia's flagship annual investor meeting on Thursday was in conversation with the Founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates, Ray Dalio. During the conversation PM Modi was asked about his views on the emerging world order, Modi replied stating the world had changed from being "bipolar" to 'multi-polar' with an increasing significance of small countries.
PM Modi said, "Today the world has changed. We have a multipolar world today. Every country in the world is interdependent and interconnected. The manner in which the world was viewed three to four decades back has changed. We will have to change our thinking," said Modi. "In today's world, the importance of smaller countries is also increasing. We may have any ideology -- socialist or capitalist -- but ultimately we have to see what we are contributing towards humanity."
Dalio had quizzed the Prime Minister about his meditation practice, his thought process and how that pertained to looking at the world itself. The hedge fund billionaire has earlier talked about learning how to meditate after being influenced by the Beatles who studied it in India in the 1960s.
"Meditation plays a vital role in having balanced thoughts a balanced life and the right view of the world," responded Modi. the Prime Minister pointed out that a holier-than-thou attitude and the attitude of demeaning others has become the cause of struggles and true thinking can help in finding a way out of conflicts.
Dalio praised Modi for doing "many remarkable things" in India. "You are not representing the poor or the rich and you are not representing one faction in relationship to another. You have joined the country together. You have made tremendous accomplishments. "You have brought something like 500 million toilets and you have brought water and you will bring water to all of those people and you are changing their wellbeing in a united way. You are creating an economy that is making a great deal of progress for all of the people in a broader way," Dalio said.