India will experience significant economic growth, similar to that seen during China's economic transformation in the 1980s, according to a report by the Hong Kong Standard, citing Ray Dalio, the founder of hedge fund Bridgewater.

Dalio praised the leadership of Minister Narendra Modi following a meeting with the Indian prime minister saying that his policies are enabling India to experience "the fastest growth rates and biggest transformations in the world."

And Dalio isn't the only one to see India's potential with Apple chief executive Tim Cook saying in a recent CNBC interview that India represents a "huge opportunity" after a number of top tech firm executives met with Modi at the White House on Friday. Amazon and Alphabet's Google, who also had execs present at the meeting have said that they are committed to increasing their reinvestments in the country.

Amazon has announced it is to invest an additional $15 billion (HK$117 billion) in India by 2030, while Google is planning to open a global financial-technology centre in Gujarat International Finance Tec-City (GIFT City).