On Infosys co-founder NR Narayana Murthy's last day as chairman emeritus of the IT bellwether, NDTV caught up with the man who started India's second largest IT services company along with six others.
Mr Murthy said he is opening to joining the government in an advisory role and he is in favour of abolishing all tax exemptions for corporates. He also said Prime Minister Narendra Modi seems focussed on job creation.
Here are the highlights from the interview:
- Time to be just another Infosys shareholder now
- Will continue to support Vishal Sikka
- Not keen on an executive role in the government, but open to taking up an advisory role
- Don't need old people to be in executive roles in the government
- Was a strong Leftist as a student, transformed into a determined, compassionate capitalist
- Only way to solve poverty is by creating jobs
- PM Modi seems focused on job creation
- We have a charismatic leader in our prime minister
- Exports have To drive jobs growth for India
- Investing in India needs to be made easier
- There has to be better infrastructure growth
- India needs to improves its bureaucracy
- Foreigners have to feel welcome in India
- India has to raise productivity to compete better
- Not a great fan of tax exemptions, government should abolish all tax exemptions
- Tax breaks should be only for small start-ups
- Tax breaks for big companies can't be the way forward
- Big companies should contribute to the greater good
- Totally opposed to tax breaks for big companies
- India needs to have better laws
- Have to get rid of issues like retrospective tax
- Need to maintain credibility for investments to flow
- No need for huge subsidies
- No need for government to be on investment overdrive
- Don't need big campaigns for progress, need to just focus on implementation
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
