TIL Desk/Business/Charlottesville (US)/To transform India’s economy, there is a need to reduce “friction” in businesses and create an “environment” wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said. For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that India is integrated with the global economy.
“We still have a little bit of work in reducing friction to businesses. We need to create an environment where the government has more trust in its entrepreneurs than it is today,” Murthy, 70, told students of the prestigious Darden School of Business at the University of Virginia here.
Murthy, the recipient of the 2017 Thomas Jefferson Foundation medal in Global Innovation, was responding to Darden School of Business Dean Scott Beardsley who asked, “what do you think needs to happen next to transform India’s economy. What is next”.
“We want our youngsters to be a little bit more daring in taking the entrepreneurial route more and more than the extent to which they do today. We have to become much more integrated to the world economy so that we can consider the entire world as our market and can become globally competitive.
