The Infosys co-founder, Mr. NR Narayana Murthy, has said that the Indian economy is growing at 6-7 per cent this year and 'investor confidence is at a historic high'. 'India has become the software development centre of the world.Our foreign exchange reserves have crossed 400 billion dolars' the IT czar said while speaking at an event in Gorakhpur.
These comments have 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 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.'