India as manufacturing hub
The Hindu News Update Service
Infosys chief mentor N R Narayana Murthy said, "When one talks about outsourcing and offshoring, one only thinks in terms of software.
"Frankly, I believe we have to go beyond that and include manufacturing in that definition as China has done," he said.
He said 26 per cent of the GDP of India is produced by a whopping 65 per cent of the people in rural areas by way of agriculture. "It means...you are looking at 320 dollars (per person per capita GDP) for 65 per cent of people. What it means is less than a dollar a day."
"If we have to make life better for these (rural) people and give them reasonable standards of living, disposable incomes, healthcare and nutrition and education, I personally believe we have to look at low-tech manufacturing to start with and then high-tech manufacturing in a big way just as China has done because most of these people are semi-literate or educated at a very basic level," Murthy said.
Infosys chief mentor N R Narayana Murthy said, "When one talks about outsourcing and offshoring, one only thinks in terms of software.
"Frankly, I believe we have to go beyond that and include manufacturing in that definition as China has done," he said.
He said 26 per cent of the GDP of India is produced by a whopping 65 per cent of the people in rural areas by way of agriculture. "It means...you are looking at 320 dollars (per person per capita GDP) for 65 per cent of people. What it means is less than a dollar a day."
"If we have to make life better for these (rural) people and give them reasonable standards of living, disposable incomes, healthcare and nutrition and education, I personally believe we have to look at low-tech manufacturing to start with and then high-tech manufacturing in a big way just as China has done because most of these people are semi-literate or educated at a very basic level," Murthy said.
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