Business

India Set To Outpace US And China In Economic Growth, Says USISPF Chairman John Chambers

US-India Strategic Partnership Forum (USISPF) Chairman John Chambers predicted that India will surpass both China and the US in key economic metrics. He highlighted India’s rapid economic rise under Prime Minister Narendra Modi, projecting significantly higher GDP per capita growth for the country.

India to Lead Global Growth

Speaking at the USISPF Annual India Leadership Summit 2024 in New Delhi, Chambers forecasted that India’s GDP per capita income growth will be nearly 100% higher than China’s and 33% larger than the US in the near future. He attributed this progress to the strategic partnership between the US and India, which has strengthened under Modi’s leadership.

Chambers emphasized that India is now positioned as the world’s fastest-growing economy, thanks to the policies implemented over the past decade.

US-India Partnership to Drive Growth

Chambers reflected on his decade-long association with Modi, stating that early on, he saw the potential for India to achieve remarkable growth. He predicted that a closer US-India collaboration could accelerate India’s GDP growth by 2% annually and boost the US economy by 1%.

The summit also focused on enhancing bilateral trade, boosting supply chains, and fostering collaborations in technology, clean energy, and defence. It follows Prime Minister Modi’s successful visit to the US, further deepening ties between the two nations.

US-India Strategic Partnership Forum (USISPF) Chairman John Chambers predicted that India will surpass both China and the US in key economic metrics. He highlighted India’s rapid economic rise under Prime Minister Narendra Modi, projecting significantly higher GDP per capita growth for the country.

Also Read: Indian Stock Market Opens Strong As Global Trends Favor Investors

Ajaypal Choudhary

Recent Posts

Trump Set to Sell His Tesla Car As Clash With Elon Musk Escalates

US President Trump is reportedly planning to sell his Tesla car, purchased in March to…

6 mins ago

Musk-Trump Fallout Threatens NASA And Pentagon Operations: Report

A recent fued between Elon Musk and former US President Donald Trump has raised serious…

40 mins ago

Rajeshwar Singh Honoured With ‘Excellence In Political & Public Life’ Award At House Of Lords

Rajeshwar Singh was honoured with the ‘Excellence in Political and Public Life’ Award at the…

41 mins ago

EaseMyTrip Launches ‘EMT Invest’ To Back Profitable Businesses: CEO Nishant Pitti

India’s leading travel tech company, EaseMyTrip, has launched a new investment platform named ‘EMT Invest’,…

48 mins ago

MyGov Launches Exciting Contests To Celebrate 11 Years Of Transformative Governance

Marking 11 years of transformative governance, citizen engagement platform MyGov has launched a series of…

3 hours ago

President Murmu And PM Modi Extend Eid Al-Adha Wishes, Call For Unity And Service

On Saturday, President Droupadi Murmu and PM Modi extended warm wishes to citizens on occasion…

4 hours ago