Narayana Murthy Criticizes Freebies Culture, Urges Innovation for Job Creation
According to Narayana Murthy, the culture of freebies should be criticized, and innovation should ultimately be wished for by the number of jobs created. Infosys co-founder Mr. N.R. Narayana Murthy expressed his concern about the increasing dependence of the country on freebies and called for the attention of entrepreneurs toward innovation and job creation as the only way to bring about good change to eradicate poverty.
Murthy, speaking at the TiEcon Mumbai 2025, argued that economic growth in the nation should rather be based on nurturing path-breaking enterprises as opposed to government grant sponsorships. If India nurtured innovation-driven businesses, he added, poverty would vanish like dew on a sunny morning.
The remarks by Murthy draw much stronger attention as they reiterate his long-held belief that entrepreneurship is the engine that would hold sustainable growth in the economy while pleading for self-reliance and innovation in making India stronger.
The comments by Murthy dovetail with the nation’s wider debate on the long-term impact of the freebies, a debate that even recently found its way to the highest court in the land to question the feasibility of such schemes.
Murthy took a potshot at the hyperbole that surrounds artificial intelligence as a buzzword and said that most so-called AI solutions are just “stupid, old programs” masquerading as high-tech.
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