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Will grow at twice the rate of India's GDP, says CISCO's Sameer Garde

Updated : July 14, 2018 17:22:28 IST

Sameer Garde, President-India & SAARC, CISCO shared his growth outlook and views on changing market dynamics.

“If you look at the last ten years for India, it has been an average growth rate of around 14-15 percent for us which is close to 2.2x of gross domestic product (GDP) growth. I don’t see any reason why that would change going forward. 2x of GDP would be around 15-20 percent,” he said.

“Important thing is how are we transforming from where we are today to where we will be when that number becomes that big. So one of the areas of big focus for us right now is as customers are seeing the complexity in their environment. So there is a lot of complexity in how you need to manage that. Our job is to simplify all that through automation and software. So one of the big thrust areas for us now is how do we increase the contribution of software so that we can help our customers with automation. To me what is important right now is - software and services is 40 percent of our business right now and growing very fast - how do we make that a bigger and bigger proportion,” he added.

“Large proportion of our business today comes from banking financial services and IT companies. Going forward, our focus is going to be a lot more on – we will continue to focus on banking financial and IT but going forward we will start looking at manufacturing and education as two thrust areas where we are seeing investment starting to happen,” said Garde.

Pointers

-Achieving double-digit growth from India -will look at manufacturing and education as two thrust areas -digitisation & transportation -GST has ensured digitisation -SMBs could be a prime target for cyber attacks -CISCO’s content business has growth 92 percent this year -will have 80% plus share in government’s smart city plan -key focus now is to grow SMBs faster -India needs 8 million Wi-Fi hotspots -India is the 3rd largest start-up ecosystem -logical co-relation between employees and customers
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