India will eventually become the world’s largest nation by the century’s end, predicts John Chambers citing some key takeaways from the India-US strategic partnership insights. He sees that, by 2100, India will be 90-100% larger than China and that her economy will take off sharply as innovation and worldwide collaboration takes over.
The right policy framework will catapult India’s growth curve to make India the world’s second-largest economy within the next 30-40 years. Chambers noted that these insights regarding India-US strategic partnership reveal the possibility of this relationship adding 2% to India’s GDP annually as well as 1% to the US economy.
His statements read:
I always think, try to think far out. India will probably be 90 to 100% larger than China at the end of the century and (by a) 30 to 40% margin of the US. That is the most likely outcome.
(Becoming the second-largest economy) could happen somewhere in the 30-40 year type of window. I think it needs to be adjusted along the way, because it (India) has moved faster than anybody thought it would, by a lot.
Such transformation is going to come through sectors in defence, technology, and digital infrastructure. Its examples already appear in the mutual trust and capability of collaboration between both countries when it comes to jet engines and drones. India-US strategic partnership insights say innovation will be a key enabler.
Chambers envisions India to be at the forefront of unicorn startups, IPO activities, and technological change. He referred to the fact that the Indian internet revolution has caused faster economic changes. In many cases, digital-first enterprises will replace the future of Fortune 500 companies.
Chambers believe India-US strategic partnership will accelerate despite US elections results
Chambers also said that the findings of the India-US strategic partnership are independent of the outcome of elections to be conducted in the US shortly. Both parties agreed to make their relations with each other more excellent to secure their long-term cooperation over the economy and strategy.
I think it (the US-India partnership) is going to accelerate regardless of which person wins here in the US election because both of them will be very much committed to the US-India strategic partnership.”
The strategic partnership benefits the parties together; defence innovation is one of those benefits. Chambers proposed the institution of a sovereign fund to invest in emerging technologies. Insights on the India-US strategic partnership have referred to Modi’s third term as one of necessity, where stability and growth would indeed continue in India.
Data ownership, innovation, and jobs will prove to be essential vehicles for Modi. It will allow him to achieve these ambitious goals while keeping India well within the reach of the target of overtaking China. Of course, also emerging as a world leader in the 21st century.
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