Infosys' Narayana Murthy Says PM Modi Seems Focused on Job Creation
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 forwardÂ
- 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
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
