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.
