Skip to main content

Real face of India!

PTI August 12, 2006

Software icon N R Narayana Murthy, who has often termed Infosys a shining example of economic reforms initiated in 1991, said economic liberalisation has not touched the poor and makes no sense unless it addressed their basic needs.

"I keep telling my colleague Nandan (Nilekani, CEO of Infosys) that it's funny in this country that we can buy whatever...BMWs...We can have 800 channels on TV...all of that," the chairman and chief mentor of Infosys said.

"But the real progress in India has not taken place simply because the reforms have not touched the poor people," he said

"Unless you address the basic needs of the poorest of the poor, which are decent primary and secondary education, decent health care and decent nutrition...all of this (reforms) makes no sense".

Murthy, one of the most admired business leaders of the country, sought to find fault with authorities for not delicensing primary and secondary education in the country.

"One of the strangest things that I have not understood (and) which I have asked many ministers in the Centre including the Prime Minister - I have received no answer - why we delicensed our industrial sector in 1991. But even today our primary and secondary education is not delicensed".

"If you want to start an English medium school, you have to get permission from the state government. If you want to start a university, you have to get permission from the central government. It makes no sense," he lamented.

"Unless, we completely delicense the primary and secondary education, unless we create an environment where more and more investment get into primary health care, I don't think we can truly claim to have embraced reforms".

Comments

Popular posts from this blog

Cognitive rules of business presentations

In his recent book, Clear and to the Point, Kosslyn explained that the four rules of PowerPoint are: The Goldilocks Rule, The Rudolph Rule, The Rule of Four, and the Birds of a Feather Rule. Here's how they work. The Goldilocks Rule refers to presenting the "just right" amount of data. Never include more information than your audience needs in a visual image. As an example, Kosslyn showed two graphs of real estate prices over time. One included ten different numbers, one for each year. The other included two numbers: a peak price, and the current price. For the purposes of a presentation about today's prices relative to peak price, those numbers were the only ones necessary. The Rudolph Rule refers to simple ways you can make information stand out and guide your audience to important details -- the way Rudolph the reindeer's red nose stood out from the other reindeers' and led them. If you're presenting a piece of relevant data in a list, why not mak...

Monetary inflation, Spiritual devaluation

Its been sometime I have been trying to make some special people understand the evils of inflation. Inflation is an abstract subject most of us dont know about, let alone understand the technicalities amidst jargons. I have in my previous post have briefly touched the social part of inflation but never in a concentrated way. I understand what my friends mean when they say "tell me in layman’s language." It is not a heartening sign, that they avoid technicalities. But it could well be that knowing where they stand, their role and understanding the social changes in the light of inflation may motivate them to understand the term "inflation." This is just to highlight the brief points. First and the foremost, is there any link between inflation numbers and society. Yes. The relation is same as the relation between society and money. What is money? Money is an easy means of exchange. If I am selling my horses to a pig-farmer and I am not interested in taking pigs in ret...

Unprecedented External Demand Shock Underway

India’s export growth averaged 24.8% over the last three years, driven by strong global growth. However, over the last three months, export growth has decelerated sharply. While until recently the strong demand from emerging markets including Latin America, Emerging Europe, the Middle East and Africa ensured that export growth remained healthy, over the last three months disruptions in the macro environment of these economies have been evident. Apart from weakening demand, exports have also been affected by the lack of availability of foreign trade credit and inventory liquidation. India’s exports declined by 12.1%Y in October 2008 compared with 10.4% in September and 26.9% in August. While we expect some improvement in the second half of 2009, exports are likely to be unusually weak over the next six months. We now expect exports to decline by 5.3%Y in 2009 compared with 12.7% in 2008 (estimated) and 23.1% in 2007 Excerpt source