President Meets with Young Entrepreneurs at Indian School of Business (ISB)
There are absolutely tons of Indians that dominate much of the MBA Applicant Blogger space. For this reason, I thought the transcript from our U.S. President's visit to ISB early this morning (Well, we in the U.S. were probably sleeping then) would be of interest. The ISB students were able to ask direct questions of Bush and his answers were also transcripted. I think his answers had a lot of spin, but there were some interesting points to take note of regarding the future of economic impact that the U.S. and India will have on one another.
Let's remember, Bush does have an MBA from HBS. - Dave ==================================================================
President Meets with Young Entrepreneurs at Indian School of Business Indian School of Business Hyderabad, India
THE PRESIDENT: Thank you for the warm welcome. You know I was a Harvard Business School graduate. This isn't exactly how I went to class when I was there, but I am honored to be here at ISB.
Yesterday I had the honor of standing on the stage with your Prime Minister, talking about a new relationship between the United States and India. I am excited about our strategic partnership. I'm equally excited about the future of India. It is in the interest of the United States to be friends with India; it's in the interest of the United States to work for free and fair trade with India; it's in the interest of the United States that an entrepreneurial class grow in this great country. It's in the interest of India that an entrepreneurial class grow in this great country, so that people can realize dreams and find good jobs.
You know, I said something really interesting, I thought interesting -- otherwise, I wouldn't have said it -- the other day in a speech I gave in Washington. There are -- the middle class of India is 300 million people large. That's larger than the entire United States. And when America looks at India, America ought to look at India as a strategic partner in keeping the peace, a great democracy which is capable of having people from different religions live side-by-side in peace and harmony, and a wonderful opportunity to -- with whom to trade.
One of the things that you can judge a country by is the vitality of the youth, and one of the reasons I really wanted to come to ISB was because I understand it's the center of excellence in education. It's a new school that is using innovative techniques to give people the tools necessary to succeed.
Yesterday I met with some Indian CEOs and American CEOs, kind of the old folks. Today I'm meeting with the CEOs of tomorrow, the people that are going to help drive this great engine of economic prosperity for India -- for the good of the world, is how I view it.