Source : Money Control:PTI :Dec 17,2011
Terming falling value of rupee as a general phenomenon, IT major Infosys ' founder N R Narayana Murthy said it should not be seen with pessimism.
"Value of rupee keeps fluctuating. This is normal. At some point of time value of Rupee was at 39 against a dollar ...," Murthy said.
He was speaking to reporters on sidelines of award function organised by Indore Management Association where he was conferred 'Lifetime Outstanding Achievement Award'.
Murthy added that global economic scenario is not in good shape as developed economies are not performing well. However, India should not worry due to these immediate global trend as the country has potential to grow at rate of 7-7.5%.
"We need to work hard and take decision fast," he said.
When asked that government is facing difficulty in making decisions, the IT veteran said, "We have to look towards future and realise the seriousness of making quick decision. But this is not applicable on government alone. It applies on Infosys, local authorities of Indore and from
Karnataka government to United Nations," Murthy said.
Karnataka government to United Nations," Murthy said.
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