INSUBCONTINENT EXCLUSIVE:
Infosys co-founder NR Narayana Murthy said India has become the software development centre of the worldInfosys co-founder NR Narayana
Murthy said on Thursday that the Indian economy is growing at 6-7 per cent this year and "investor confidence is at a historic high", news
"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.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."India's GDP or gross domestic product grew 5.8 per cent in the
With that, India lost its position as the fastest-growing major economy of the world to China for the first time in one-and-a-half years.For
the full financial year 2018-19, which ended on March 31, India's GDP growth stood at 6.8 per cent - the lowest level recorded in nearly
five years.Passenger vehicles sales in the country plunged 30.98 per cent in July compared to the corresponding period a year ago, according
to data from industry body SIAM or Society of Indian Automobile Manufacturers
That marked the worst decline recorded since December 2000, when the industry sold a fifth of the vehicles it sells currently.According to
Ram Venkataramani, president, Automotive Component Manufacturers Association of India (ACMA), the crisis in the auto industry is
The 15-20 per cent cut in production by vehicle makers has led to a crisis like situation in the auto component sector."Most of the auto
estimated 10 lakh people could be laid-off," he has said.While the government has said that growth could be "relatively slower" in the
Reserve Bank of India (RBI) lowered its GDP growth projection for 2019-20 to 6.9 per cent, from 7 per cent forecast in the June policy.The
central bank also underlined the need for addressing growth concerns by boosting aggregate demand
moral hazard, Chief Economic Adviser Krishnamurthy Subramanian said on Thursday."I think we expect the government to use taxpayers money to
intervene every time there is a sunset phase," he said.Get Breaking news, live coverage, and Latest News from India and around the world on
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