"There will be some bumps on the road like demonetization ... If I bet on any economy, it would be this economy." In a year, India's GDP is characterized by changes, "Chambers said.
Asked whether abrupt policy changes such as demonetization would negatively affect the opinion of foreign firms in India, M. Chambers responded in the negative. He emphasized that India could be "the main ally" to the United States in the Asia-Pacific region.
- It bothers me? This is actually investing ... I know that, by definition, innovation is harmful and uncomfortable and there are bumps. I think the country (India) moves very fast and is moving with a strategy and vision. There will be some obstacles along the way like demonetization. But they are just that, "he said.
M.Chambers, who is also chairman of the United States Business Council and India, will also lead to one of the largest groups of representatives of companies taking part in the eighth Gujarat Dynamic summit this week.
M.Chambers said: "It could be said that very few people in the financial world say that it is not what needs to be done ... that it is basically, it builds a foundation for all the citizens of this country to actually engage in a digital world ... "
Fast innovative
Affirming that India was known as a slow follower, he now says he came to be known as a fast innovator. He said that for India, GDP growth of 7 percent is sustainable. "It's not the purpose of the PM ... But I think above 7 and it's not out of the question to be 8, 9 or 10," he said.
Chambers has also tried to dispel fears that the new Trump administration could make political decisions that have a negative impact on Indian companies.
'Top ally'
"I think India must be our best ally in Asia Pacific. The two countries have a lot in common, as well as being the largest and most powerful democracies ... I am optimistic," he said.
The US-based network giant also signed a statement of intent (SOI) with the Rajasthan government on Monday to develop digital classrooms at women's colleges that cover 10,000 students for a year.
Digital classrooms will facilitate the training and development of women's IT skills and constitute a group of highly qualified technology professionals
