The co-founder of Infosys, Nr Narayana Murthy, took a jibe to the growing culture of gifts from India, urging entrepreneurs to focus on job creation thanks to innovation to eliminate poverty.
Speaking to Tiecon Mumbai 2025, Murthy said that poverty “will disappear like a dew a sunny morning” if India promotes “innovative companies” rather than counting on documents.
“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 do not solve the problem of poverty by gifts. No country has succeeded,” said Motherthy.
Murthy’s remarks occur at a time when India supports 80 citizens of crores through transfers in monthly cash, and as the debate on gifts compared to sustainable economic growth continues to intensify.
Platifying that he is not talking about a political or governance objective, Murthy said that his suggestions are political recommendations purely. He stressed that the advantages and subsidies should be accompanied by responsibility, which suggests that state -of -the -art beneficiaries should demonstrate measurable improvements in return.
Citing an example, he said: “If free electricity up to 200 units per month is given, the state can carry out random surveys after six months in such households to check whether children study more or if the parents’ interest has increased.”
Murthy’s comments correspond to a broader national debate on the long -term impact of gifts, even the Supreme Court recently questioning by questioning the viability of these regimes.
Murthy has also searched the overuse of artificial intelligence (AI) as a fashionable word, declaring that many so -called AI solutions are simply “old silly programs” renowned as advanced technology.
