Summary: Infosys co-founder N.R. Narayana Murthy, speaking in Mumbai, criticized freebies as an ineffective solution to poverty. He emphasized job creation and entrepreneurship as sustainable ways to uplift the economy. Murthy urged policymakers and businesses to focus on employment generation rather than temporary relief through subsidies for long-term economic stability.
Mumbai: Infosys co-founder N.R. Narayana Murthy has voiced his stance against the reliance on freebies as a means to eradicate poverty in India. Speaking at an event in Mumbai, Murthy emphasized that sustainable economic growth and job creation are the true solutions to poverty alleviation.
Murthy stated, “I have no doubt that each of you will create hundreds of thousands of jobs, and that is how you solve the problem of poverty. You don’t solve the problem of poverty by freebies; no country has succeeded in that.”
His remarks highlight a longstanding debate in India’s economic and political landscape. While many governments have introduced welfare schemes and free subsidies to support underprivileged communities, critics argue that such measures can lead to fiscal burdens without addressing the root causes of poverty. Instead, Murthy’s perspective aligns with those who believe in fostering entrepreneurship, innovation, and employment opportunities as sustainable ways to uplift the economy.
Murthy, a pioneer in India’s IT revolution, has often advocated for policies that encourage self-reliance and skill development. He has consistently underscored the importance of a robust business ecosystem that empowers individuals with employment opportunities rather than temporary relief through subsidies.
India, with its large workforce and rapidly growing economy, has the potential to drive significant change by focusing on upskilling, digital transformation, and infrastructure development. Murthy’s statement serves as a call to action for entrepreneurs, policymakers, and businesses to collaborate in generating employment and fostering long-term economic stability.
His views resonate with the larger global economic perspective, where nations that have prioritized job creation and entrepreneurship have demonstrated sustainable economic growth, while excessive reliance on government freebies has often led to economic distress.
As India continues its journey toward becoming a global economic powerhouse, Murthy’s insights reinforce the need for a balanced approach that combines welfare with strategic development, ensuring that the nation’s workforce is empowered with opportunities rather than short-term handouts.
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Last Updated on Saturday, March 15, 2025 3:00 pm by Aarti Kumari
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