General Electric’s (GE) South Asia CEO has expressed immense confidence in the India growth story. In an interview, the CEO Vishal Wanchoo has stated that India has moved on from being merely about potential to delivering results. Elaborating upon the same, the chief executive observed that India ranked in the top five countries vis-a-vis growth.
Applauding India’s talent base, the chief executive observed that while business in China was 70 to 75 per cent higher than in India, the workforce employed by the company in both countries was comparable. Illustrating this confidence is the fact that GE’s largest research and development centre outside the United States is in Bangalore.
In what would count as a boost to the government’s Make in India initiative, Wanchoo observed that 40 per cent of manufacturing supply in the country was being exported. Aviation and renewable energy are sectors where the company sees the Indian market as one of the fastest growing in the world.
The chief executive also expressed bullishness about the prospects of the power and defence sectors in the country in what would count as an overall affirmation of India’s economic performance.
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