Narayana Murthy

Narayana Murthy
– Photo : Twitter/IIM Ahmedabad

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India’s IT giant Infosys co-founder NR Narayana Murthy on Friday said economic activities in India had come to a standstill under the Congress-led UPA government. He also said that timely decisions were not being taken in the Manmohan Singh government.

During an interaction with young entrepreneurs and students at Indian Institute of Management Ahmedabad, Narayana Murthy exuded confidence in Indian youth that young minds can make India a worthy competitor to China. In response to a question, he said that I was on the board of HSBC in London (between 2008 and 2012). In the first few years, when China was mentioned two to three times in the boardroom (during meetings), India’s name came up only once.

Murthy further said that but unfortunately, I do not know what happened later (with India). Former PM Manmohan Singh was an extraordinary man and I have great respect for him. But, India had come to a standstill during his time. Decisions were not being taken.

When he left HSBC (in 2012), India was rarely named during meetings, while China was named about 30 times. Murthy, former chairman of Infosys, said that today there is a sense of respect for India in the world and the country has now become the fifth largest economy in the world.

Murthy said the economic reforms implemented in 1991 during Manmohan Singh’s tenure as finance minister and the current BJP-led government’s schemes like Make in India and Startup India have helped the country achieve its position (at the international level). .

He further said that when I was of your age, there was not much responsibility because neither much was expected of me nor India. Hope today you will take the country forward. I think you guys can make India a worthy competitor to take on China.

Narayana Murthy said that China has overtaken India by a huge margin in just 44 years. Chinese economy is 6 times bigger than India. In the 44 years between 1978 and 2022, China has greatly outperformed India. Being six times bigger is not a joke. If you people work hard, then India will also get the same respect as China gets today.

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India’s IT giant Infosys co-founder NR Narayana Murthy on Friday said economic activities in India had come to a standstill under the Congress-led UPA government. He also said that timely decisions were not being taken in the Manmohan Singh government.

During an interaction with young entrepreneurs and students at Indian Institute of Management Ahmedabad, Narayana Murthy exuded confidence in Indian youth that young minds can make India a worthy competitor to China. In response to a question, he said that I was on the board of HSBC in London (between 2008 and 2012). In the first few years, when China was mentioned two to three times in the boardroom (during meetings), India’s name came up only once.

Murthy further said that but unfortunately, I do not know what happened later (with India). Former PM Manmohan Singh was an extraordinary man and I have great respect for him. But, India had come to a standstill during his time. Decisions were not being taken.

When he left HSBC (in 2012), India was rarely named during meetings, while China was named about 30 times. Murthy, former chairman of Infosys, said that today there is a sense of respect for India in the world and the country has now become the fifth largest economy in the world.

Murthy said the economic reforms implemented in 1991 during Manmohan Singh’s tenure as finance minister and the current BJP-led government’s schemes like Make in India and Startup India have helped the country achieve its position (at the international level). .

He further said that when I was of your age, there was not much responsibility because neither much was expected of me nor India. Hope today you will take the country forward. I think you guys can make India a worthy competitor to take on China.

Narayana Murthy said that China has overtaken India by a huge margin in just 44 years. Chinese economy is 6 times bigger than India. In the 44 years between 1978 and 2022, China has greatly outperformed India. Being six times bigger is not a joke. If you people work hard, then India will also get the same respect as China gets today.

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