"We made a big bet on India", which has the possibilities and "may be probability of being the very top emerging BRICS country. And being candid, under the leadership of Mr Modi, I think the probabilities of that happening are extremely good," said the outgoing CEO in an ET report.
The statement was made during a press conference with the new CEO
At present, the BRICS group of leading emerging economies comprises more than a quarter of the world's land mass, 40% of its population and a combined GDP of $24 trillion.
Chambers noted that both he and Chuck are betting big on India. He explained that the fact that
"My views have not changed at all. If I bet on one emerging market that had to be double down on India and we have doubled down,” he averred.
Briefing about his forthcoming visit to India, he said: "We will spend time with key government leaders in India including your top leaders next week... I think your CEOs come together in terms of what Cisco can do with the citizens, with the businesses and with India as a great partner".