Tuesday, June 12, 2012

IIP numbers: Azim Premji, Narayana Murthy call for reforms; says govt needs a reboot

BANGALORE: Two men identified closely with the spectacular growth of India's software industry have torn into the United Progressive Alliance regime, accusing it of mismanagement that is threatening the country's economic prospects. The remarks by Azim Premji and NR Narayana Murthy expressing disenchantment with the Manmohan Singh government reflect a widespread sentiment in corporate India that is most often not expressed openly. This really shocks the small and mid size players in the same industry and even looks to be more and more threatening for other industries too. I am sure everyone's eyeing on the feedback from UPA government on the above statement and if they are able to improve the present sentiment in anyway.