Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
March 27, Monday 2017 9:59 PM       

       HEADLINES: Priest accused of molesting minor girl                                              No case will be filed against Saseendran without complaint, says police                                              Saseendran meets chief minister                                              Four of family found dead                                              Stationary shop near journo's house attacked, owner injured                                              Shiv Sena calls for Osmanabad bandh                                              Aadhaar cannot be made compulsory for welfare benefits: SC                                              'US varsities register drop in Indian student applications'                                              Australian police launches probe into assault on Indian-origin man                                              Pak victim's family pardons Indians convicted for murder                                              Motion tabled in UK parliament against Pak's occupation of Gilgit-Baltistan                                              Shaun Tait retires from all forms of cricket                                              India bowl out Australia for 137, to chase 106 to win 4th Test                                              Kaumudi Facebook
       BUSINESS Next Article: Volkswagen defies 'dieselgate' to boost sales in 2016  
       Demonetisation just a bump; India to maintain 7% growth: Cisco
 
         Posted on :21:36:00 Jan 9, 2017
   
A A
       Last edited on:21:36:00 Jan 9, 2017
         Tags: Demonetisation just a bump; India to maintain
 
JAIPUR: Describing demonetisation as only a "bump", Cisco Executive Chairman John Chambers today said India is well-positioned to maintain GDP growth rate of over 7 per cent for the next few years and it should be a "top ally" for the US in the Asia Pacific region.
 
Allaying fears that the new Trump administration could make policy decisions that adversely impact the Indian IT companies, he said: "I think India should be our top ally in Asia Pacific. And the two countries have so much in common, including being the largest and most powerful democracies. I am optimistic."
 
Chambers, who also dons the hat of USIBC Chairman, is leading one of the largest delegations of US businesses at the 8th Vibrant Gujarat to be held later this week.
 
Asked if a sudden policy change like demonetisation had adversely impacted the way foreign businesses view India, he said: "If there is one GDP in this world I would bet on, it's India and this (demonetisation) will be a bump... Very few people in the financial world say this isn't the right thing to do. What it basically does is, it builds a foundation for every citizen in this country to participate truly in a digital world.
"Does it bother me? It's actually reverse... I know that innovation by definition is disruptive and uncomfortable and there are bumps. I think the country (India) is moving remarkably fast and it's moving with a strategy and vision," he added.
On the government's digital push and growth of Indian economy, Chambers said Internet will facilitate 3-5 times the economic impact at a much faster pace seen previously.
 
"A year from now your GDP will be stronger dramatically because of the changes. And you are the envy of the world... I think GDP growth is sustainable at 7 per cent...this is not PM's goal...but I think above 7, and it is not out of the question to be 8, 9 or 10," he said.
 
India, Chambers added, used to be known as a slow follower but now it is getting known as a fast innovator.
 
Cisco and BPM major Genpact have unveiled the Global Center of Excellence in the city as part of the US-based firms Lighthouse City project.
 
Hosted and operated in Genpacts facility in Jaipur, the centre will serve as an innovation lab for Genpact and its partnering technology firms to rapidly test and deploy the latest smart technology advances from Cisco to help it become a fully responsive, smart and connected city.
 
Cisco has identified Jaipur as the first smart and connected Lighthouse City in South Asia in addition to cities in other regions, including Hamburg (Germany), Barcelona (Spain) and Adelaide (Australia).
A A
       BUSINESS
Next Article: Volkswagen defies 'dieselgate' to boost sales in 2016
 
 
BUSINESS HEADLINES
GST bills introduced in Lok Sabha  
COAI favours auction in 2018, wants market to settle down  
Sensex trips 97 points, Nifty below 9,100  
Aditya Puri features in Barron’s 30 best CEOs  
India is 3rd largest aviation mkt in domestic traffic  
China win for Apple as court overturns iPhone ruling  
CBEC to be renamed CBIC under GST regime  
Sebi bans RIL from equity derivatives market for 1 year  
Sensex up for 2nd day, Nifty reclaims 9100 as bank stocks gain  
Govt may table 4 GST bills in Parliament today: Minister  
Airfares in India among 'lowest' globally: Sinha  
Sensex tanks 318 pts, Nifty slumps below 9100 on global clues  
Notes ban to spur economic activity: Govt  
Govt nod for 18 new airports costing Rs 30,000 cr  
Govt nod for 18 new airports costing Rs 30,000 cr  
Adani Enterprises acquires Adani Infra  
Vodafone, Idea Cellular to create new Indian market leader  
Softbank appoints Kabir Mishra to Snapdeal board  
Idea to sell 2G, 3G, 4G mobile data at same price from Mar-end  
Airbus to set up its first Asia training facility in Delhi  
BSNL offers 2GB data per day, unlimited calling for Rs 339  
Sensex soars 188 pts, Nifty at fresh closing peak on Fed move  
Prominent Australians ask Adani to abandon coal mine project  
Harley-Davidson launches Street Rod at Rs 5.86 lakh  
India imports petrol, diesel from China  
 
Do you support the choice of Yogi as UP chief minister?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy