Indian economy will probably be 90 to 100% larger than China by end of century: John Chambers
John Chambers, who heads the India US Strategic Partnership Forum and is Chairman Emeritus of CISCO is highly optimistic about the future of the Indian economy, the current share market situation and the growth of innovation in the country. In an interview with ET, Chambers discusses the upcoming US elections, PM Modi’s third term and prospects of Indian and US companies working together in the coming years.
On the India-US Partnership:
India and the US as partners will make great nations even stronger. I think it adds two percent to the Indian GDP every year and I think it can add 1 percent to the US which is the largest economy in the world. The vision for the next century for the world, I think, does require the US and India working together. India (through trade partnerships and the diaspora) is touching every person in the US. And I would argue, the US, India partnership is touching every person in India.
Whether it's in the jet engines, whether it's in the drone cooperation, an ability of both sides (has been demonstrated) to move further on a trust model than they would have done with anyone else. And so most people will say the results have been fantastic. I think the results have been good. I think they can be fantastic in terms of the growth (potential).
The perfect storm in a positive way is about to happen. That perfect storm will be enabled by AI and people have just begun to scratch the surface of what it means. If you look at the track record, we're just getting started.
On the upcoming US
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