"Investor Confidence At A Historic High": NR Narayana Murthy
Infosys co-founder NR Narayana Murthy said on Friday that the Indian economy is growing at 6-7 per cent this year and "investor confidence is at a historic high", news agency ANI reported. "India has become the software development centre of the world. Our foreign exchange reserves have crossed $400 billion," the IT czar said while speaking at an event in Gorakhpur. The comments from Mr Murthy come at a time when the economy is facing its worst slowdown in nearly five years, with some sectors staring at lakhs of job cuts.
Infosys co-founder NR Narayana Murthy in Gorakhpur: Our economy is growing at 6 to 7 per cent this year. India has become the software development centre of the world. Our foreign exchange reserve has crossed 400 billion dollar. Investor confidence is at a historic high. (22.08) pic.twitter.com/jglAGxwRI4ANI UP (@ANINewsUP) August 23, 2019
Mr Murthy further said: "Our government have to become more citizen friendly and remove obstacles to entrepreneurs to create larger and larger number of jobs. Our economic policies have to be less populist and more based on expertise."
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.