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John Chambers
CEO of JC2 Ventures, JC2 Ventures

Think Modi Trump Combo Will Drive Indo US Growth USISPF's John Chambers Global Leadership Summit

📅 Nov 19, 2024 USISPF 13 MIN 279 VIEWS 17 SEGMENTS · 2 SPEAKERS
In this segment, Shereen Bhan asks USISPF Chairman John T Chambers what pops up in the foreign investor's viewfinder when they focus on the Indian stock market, at the Global Leadership Summit celebrating 25 years of CNBC-TV18 Subscribe, follow and engage with USISPF: YouTube:    / @usispfcommunications   X:   / usispforum   Instagram:   / usispforum   Facebook:   / usispforum   Newsletter: https://confirmsubscription.com/h/y/8... Website: https://usispf.org/

Questions asked in this interview

6
  1. 0:18How high is the confidence today?
  2. 1:41Let's talk about what the Trump regime could mean for global growth, which is already fairly fragile at this point in time, and what are the expectations from this new Department of Efficiency with Elon Musk and Vivek Ramaswamy at the helm?
  3. 4:41What's the potential for growth from here?
  4. 6:49What is going to be the size of the checks that you sign?
  5. 8:30Is that something that you believe is just a question of timing—it's not if, it's when?
  6. 12:06But before I let you go, given your experience of not just building a company or looking at market intersections and inflection points, but also investing in startups, what's the message to the Indian entrepreneur?
Shereen Bhan 0:08 ↗
Good morning, Mr. Chambers. How are you?
John Chambers 0:11 ↗
Good. If this is Shereen, you always call me John, and I am excited to be there. I just try to keep up with your energy.
Shereen Bhan 0:18 ↗
Well, you know I'm trying to keep up with your energy. I know it's 4:00 a.m. there in California, so we really appreciate you joining us here at the Global Leadership Summit. But John, let me start by asking you about your view on India from a foreign perspective, from a foreign investor's lens. I know you've been a long-term perpetual India bull. How high is the confidence today?
John Chambers 0:41 ↗
The confidence today is higher than ever, Shereen, and you knew that was going to be my answer. But the way you deal with emotion is with facts. India will become the number one economy in the world. I think we were the first ones to predict that several years ago. It will be the fastest growing economy in the world, and the increase of standard of living for all 1.4 billion people. The confidence in dealing with the world's largest democracy, candidly with the second world largest democracy in the US, has never been stronger. The startup mentality and the infrastructure buildouts your prior guest talking about instills confidence. And candidly, with the election of President Trump and the key appointments as Secretary of State and National Security Advisor, are very, very strong allies of India. So I think the confidence is greater than it's ever been. So it's impossible to double down and double down and double down again, but that's really what I'm saying the world's going to do in terms of India's future.
Shereen Bhan 1:41 ↗
So double down on India, that's the big call there from John Chambers. But John, you talked about the new Trump administration. You talked about some of the key appointments. Let's talk about what the Trump regime could mean for global growth, which is already fairly fragile at this point in time, and what are the expectations from this new Department of Efficiency with Elon Musk and Vivek Ramaswamy at the helm?
John Chambers 2:06 ↗
Well, you've asked probably three questions, Shereen. First of all, you watched the US stock market in response to the election. It responded very well. President Trump focused on the economy, our immigration issues, and crime. And he won in areas that the Republicans have traditionally not carried, including the average working American. It was probably the broadest win I've seen in quite a while by any leader on either side. President Trump and Prime Minister Modi, as you know, are great friends. They get along extremely well, and their communications is great. And with Marco Rubio, you will see him match up perfectly with Jaishankar in terms of the focus from the foreign affairs leader and from the Secretary of State. And in terms of National Security Advisor, most of you know Mike Waltz is very, very pro-US and India relationships, comes regularly to the country there. So I think the combination of the two are going to drive the US and India economies faster together than before.
And actually, Shereen, I think we will set the pace between our two countries for our countries to lead on AI. It doesn't mean other countries around the world won't drive it, but I think our startup community and our ability to increase our standard of living and drive our stock markets, as well as job creation, are going to be very good under this new combination. Elon Musk and Ramaswamy, I like them. You know, we have real character leaders of our high-tech and our high business. Shereen, you probably find me boring in comparison, but it is exciting, and they do keep us on our toes. But it does speak to the strength of a democracy where you have people that can speak out and speak out with enthusiasm and belief, and both of those individuals are huge believers in the future of India and the relationship between countries. If you look at it across America, regardless of political party, the confidence and trust in India and candidly the love for your country has never been stronger. But it's also a win-win economically where we can generate probably 1% more GDP growth than the US from a tight partnership over this decade per year, and India can probably generate two more points of GDP growth because of the partnership. So I think this will be not only India's decade and India's century, I think it will be India and the US together on everything from artificial intelligence to defense to job creation, and the model for other countries in terms of how countries that are great democracies work together and innovate together.
Shereen Bhan 4:41 ↗
You know, you talked about collaborating on AI. The Prime Minister said AI stood for America and India. But John, you know, realistically, what is that going to mean in terms of future collaboration, in terms of the private sector collaborating in areas like AI? We're already doing that in many ways, but what's the aspiration? What's the potential for growth from here?

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Cite this transcript

APA, MLA, BibTeX
APA

Chambers, J. (2024, November 19). Think Modi Trump Combo Will Drive Indo US Growth USISPF's John Chambers Global Leadership Summit [Interview transcript]. USISPF. CEOInterviews.AI. https://ceointerviews.ai/interview/1303616/

MLA

John Chambers. "Think Modi Trump Combo Will Drive Indo US Growth USISPF's John Chambers Global Leadership Summit." USISPF, 19 Nov. 2024. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1303616/.

BibTeX
@misc{chambers2024_1303616,
  author       = {John Chambers},
  title        = {Think Modi Trump Combo Will Drive Indo US Growth USISPF's John Chambers Global Leadership Summit},
  howpublished = {Interview transcript, USISPF. CEOInterviews.AI},
  year         = {2024},
  month        = {nov},
  url          = {https://ceointerviews.ai/interview/1303616/},
  note         = {Speaker-attributed transcript with timestamps}
}