Mr Chambers' bullishness comes in the wake of the government's recent initiative to promote start-ups in the country.

India is among the fastest growing major economies, but it can do much better, Finance Minister Arun Jaitley told NDTV today at the World Economic Forum meet in Davos.

Stating that monetary policies alone could not change the world, Reserve Bank of India Governor Raghuram Rajan on Wednesday said the governments needed to create an underlying framework for growth in the long term for the world economy.