Ritika
ADDRESSING the scholars of the Indian Institute of Management (IIM), Ahmedabad, Infosys co-founder NR Narayana Murthy on Friday stated that financial actions in India had been stalled throughout the UPA’s regime regardless of the extraordinary man, Manmohan Singh, being on the helm of affairs.
Manmohan Singh was extraordinary however India economically stalled throughout UPA’s regime: Narayana Murthy
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The IT czar, throughout a session on the e-book “Startup Compass” with its authors on the prime administration institute, stated that “For certain years (2008 to 2012), I used to be on the board of HSBC in London. In the first few years, when China was mentioned two to three times, India’s name would be mentioned once.”
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“I used to be 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 would be mentioned once,” Murthy stated.
Comparing the present Modi-led-NDA authorities with the earlier UPA authorities, Murthy stated that the nation’s financial system suffered due to delays in taking selections.
“But unfortunately, I don’t know what happened afterwards. During Manmohan Singh’s government, who is an extraordinary individual, for whom I have tremendous respect, somehow India stalled. Decisions were not taken quickly, everything was delayed. And by the time I left (HSBC), if China’s name was mentioned 30 times, India’s name was hardly found to be mentioned once,” Murthy stated as he credited former PM Manmohan Singh for 1991 financial reforms.
He praised the Narendra Modi-led NDA authorities on the Centre for bringing in ‘Make In India’ and ‘Startup India’, he stated, “There was a time when most people from other countries looked down upon India, but today, there is a certain level of respect for the country, which has now become the world’s fifth largest economy.”
On being requested the place he sees India sooner or later, he stated, “It is the responsibility of the young generation to make people mention India’s name, whenever they mention any other country’s name, particularly China and exuded confidence that the young generation will be able to do that.”
(With Input From Agencies)
