Narayana Murthy Warns Against Freebies, Calls for Job Creation
Infosys co-founder N R Narayana Murthy has underscored the importance of job creation and innovation as the primary solutions for poverty eradication, cautioning against over-reliance on government freebies. Speaking at an event in Mumbai, he stressed that sustainable economic progress comes through entrepreneurship and employment generation, rather than welfare handouts.
Entrepreneurship as a Path to Poverty Eradication
Murthy urged business leaders and policymakers to focus on fostering innovative businesses that create employment on a large scale. He asserted that long-term poverty alleviation is only possible when individuals have access to stable jobs, rather than depending on temporary relief measures provided by governments.
He further encouraged young entrepreneurs to embrace technology-driven solutions that address real-world challenges and contribute to economic growth.
Concerns Over Freebie Culture
Murthy expressed concern over the increasing reliance on free government benefits, stating that no country has successfully eliminated poverty through freebies alone. While welfare programs can provide short-term relief, he emphasized that they must not replace efforts aimed at creating opportunities for self-sufficiency and economic independence.
He also highlighted the need for accountability in welfare schemes, suggesting that assistance such as free electricity should be evaluated based on its real impact. Programs should be structured to ensure measurable improvements, such as better education for children and increased workforce participation by beneficiaries.
Criticism of AI Innovation Trends
In addition to discussing economic policies, Murthy also shared his perspective on artificial intelligence (AI) advancements. He criticized the industry for focusing on repackaging existing technologies rather than delivering groundbreaking solutions. He stressed the need for true innovation that can bring about significant societal change rather than superficial modifications to existing products.
Conclusion
Murthy’s insights highlight the importance of self-reliance, innovation, and structured welfare policies in addressing poverty. His emphasis on job creation as a sustainable strategy serves as a reminder that economic growth must be driven by entrepreneurship and accountability, rather than short-term relief measures.
