Narayana Murthy Highlights India’s Progress and Need for Home-Grown Innovation

Narayana Murthy acknowledges India's progress in using global innovations but urges for more home-grown technologies

  • Narayana Murthy acknowledges India’s progress in using global innovations but urges for more home-grown technologies.
  • He praises government and educational institutions for aiding India’s technological advancements.
  • Murthy emphasizes reducing bureaucratic hurdles to support home-grown initiatives and young talent.

Infosys founder NR Narayana Murthy highlighted India’s progress in the technological sector during a CNBC-TV18 interview at an Infosys Science Foundation event. Murthy noted that India has made substantial strides in adapting global innovations but still needs to focus on creating new technologies. He credited the government and educational institutions for their roles in this transition, moving from a time when India struggled to use foreign technologies to effectively utilizing these innovations today.

Murthy praised home-grown initiatives like Setu’s Sesame and Ola’s Krutrim AI, calling them commendable examples of entrepreneurship. He stressed the importance of minimizing bureaucratic hurdles to support these innovations. Looking ahead, Murthy expressed optimism about India’s talent pool and the support from various sectors, believing that the country will not only adopt but also create significant advancements in technologies like generative AI. He emphasized the need for continuous support for young talent and reducing bureaucratic obstacles to help India transition from a follower to a leader in global innovation.