• Thursday, June 13, 2024


India has potential to compete with China: Infosys co-founder

Infosys co-founder NR Narayana Murthy (Photo: Manjunath Kiran/AFP via Getty Images)

By: Shajil Kumar

INFOSYS co-founder N R Narayana Murthy feels India has the potential to catch up and even surpass China’s economy in the future if it follows a three-point growth formula.

In an interview with Economic Times, Murthy said India should focus on creating a favourable business environment for entrepreneurs, increasing the disposable income of its citizens, and generating millions of jobs.

He said as a democracy, India should provide a hassle-free environment for entrepreneurs and create policies that accelerate their progress.
Murthy called upon simplifying regulations and reducing bureaucratic hurdles to encourage entrepreneurship and innovation.

He felt this would attract both domestic and foreign investments and help in economic growth. “This is the only way we can not only match China but surpass it,” he told the daily.

Murthy felt that increasing disposable income and generating employment opportunities was crucial to stimulate consumer spending. This is vital for the growth of secondary and tertiary sectors. He said this in turn will create more jobs.

Power of AI

Murthy is also optimistic about the potential of generative AI (artificial intelligence). He felt this will revolutionise human productivity and solve complex challenges.

He believes that generative AI can also lead to substantial economic growth.

The Infosys co-founder acknowledged the risks associated with its potential misuse and job displacement, but he maintained that its benefits far outweigh the risks.

Murthy said India is facing the twin challenges of a slowdown in the West and China’s growing technological dominance. He felt with the right policies India could overcome these challenges and emerge stronger.

Related Stories


Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…

Adblocker detected! Please consider reading this notice.

We've detected that you are using Ad Blocker or some other adblocking software which is preventing the page from fully loading.

We strive to deliver high-quality content and experiences. To help us continue, please consider supporting us by disabling your ad blocker.  We use non-intrusive ads to keep our content free.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add EasternEye.biz to your ad blocking whitelist or disable your adblocking software.