Demonetisation won’t stop India’s growth: Cisco

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Describing demonetisation as only a “bump”, Cisco Executive Chairman John Chambers 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.

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