Announcing the company's results, Chambers exuded confidence in the Indian market, where its business has grown 18 per cent compared to decline in business in other countries in the Asia Pacific, Japan and China (APJC) region.
"There are some bright spots for the first time in a while. I think Modi in India is going to turnaround that country. You can see the enthusiasm both the citizens and the businesses there are betting on a single emerging market. I would bet on India right now in a big way," Chambers said.
Business in APJC region was down seven per cent with China down 23 per cent, while that from India was up 18 per cent.
The company expects growth in India to continue even as the outlook on demand in the emerging market remains grim. Globally, it has announced slashing of 6,000 jobs as part of a restructure effort.
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"We saw the impact of economic and geopolitical challenges in China, Brazil, Russia, Argentina, Turkey, and Thailand and in a number of emerging markets that many of other peers are seeing... Unfortunately as we look out, we don't see emerging markets growth returning for several quarters and believe it possibly could get worst," he said.
On Modi's landslide victory in the Lok Sabha elections, he had said: "I am very optimistic of what that means to the country's economic growth."
In India, Cisco employs over 10,000 people across cities like Bangalore, Delhi-NCR, Mumbai, Chennai, Kolkata, Pune and Hyderabad. Of these, 8,000 people are part of the R&D set up.