Infosys founder NR Narayan Murthy said technology can help reduce the gap between the well-to-do and the not-so-well people. Speaking at the centenary celebration of the Indian Chamber of Commerce, the IT veteran emphasised the need for using advanced technologies, including Artificial intelligence (AI), in India, stating that technology is a "great leveller".
He said “Technology is about reducing cost. It's about increasing revenues and profitability. So technology has a lot of value. It also does something that most people don't realise. Technology is a great leveller. So we need technology in India if we want to reduce the gap between the well-to-do and the not-so-well. That's what financial inclusion has done”.
Narayan Murthy’s message for entrepreneurs
At the event, Murthy also stressed on the importance of hard work and performance as essential to earning respect both for oneself and for the country. He also urged entrepreneurs to embrace "compassionate capitalism," which involves practicing capitalism while integrating the best aspects of liberalism and socialism.
He stated: “I urge the youngsters to understand that we have a great responsibility to fulfil the pledge of our founding fathers (of the nation). We have greater responsibility as enunciated by scriptures. We have to show fairness and justice to create opportunities for the less fortunate one. That is why we have to work hard.”