Focus on inclusive growth – Murthy
Bangalore, June 20 (IANS) Infosys Technologies Ltd chairman and chief mentor N.R. Narayana Murthy Saturday hoped the union budget for 2009-10 would focus on inclusive growth, which he termed as ‘the need of the country’.
‘I don’t have any specific expectation for the IT sector from the budget. But I hope the government will try to bring in an inclusive growth, as it is the need of the country to make sure the poorer people will also benefit from the economic progress,’ Murthy told reporters here.
Source : Wire
I dont think Mr Murthy needs to worry. We give the inclusive growth for sure.
Inclusive growth is not about including the poor, it is about extending or promising concrete benefits to rigid groups of people, some of whom may happen to be poor. This is the great Indian rope trick that is the engine of our current politics. Holding them hostage to such benefits prevents the Indian people from ganging up or developing fraternity (depending on how much peace you have made with socialism).
The IT industry can easily make their peace with socialism by taking a bite out of competition and tax concessions.
But you all already knew this. Right?