Everyone had their eyes set on Obama’s India visit and its outcome. In the end however what started with a lot of doubts and speculation turned out to be a memorable trip by the strongest man on planet Earth.
If GE Chairman & CEO Jeffrey Immelt is anything to go by the then India is all set going into a phase of super growth in the coming years. The American president was under a lot of pressure coming from the mass jobless people of USA even as US based MNC’S continue to outsource jobs to India.
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He spoke of the President’s wishes of doubling exports in the coming five years. Thus, through exports there would be job creation in USA while India will benefit in the form of customer services and supply chain among others. Globalization is perhaps a win-win scenario for both the nations with no negative aspect. In fact according to him about sixty percent of GE itself is outside the US, thus they themselves need globalization to continue and sustain their own growth.
He spoke of how they are smaller in the Indian market as compared with the China. But he is hoping to rapidly grow at a rate of 30% over the next few years in India. When further asked he mentioned the unpredictable nature of the international markets.
But god willing the positive growth of 30 percent in India is definitely very strong possibility. When asked about India signing the nuclear liability bill. He diplomatically stated of how there are government officials on both ends working hard and coming down to a favorable conclusion.
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