The Indian Economy Blog

October 24, 2005

How Things Change

Filed under: Business,Regulatory reforms — Amit Varma @ 6:16 am

Narayana Murthy says on BBC’s Hard Talk (transcript in the Indian Express):

[B]etween 1981 and 1991, we had tremendous friction to business. At a point it took us around three years and about 25 visits to Delhi to import a computer worth $50,000, it would take us about 10 days to get approval to travel outside India. We couldn’t hire consultants in quality, brand equity etc. from outside India. It took us about a year to get a telephone line.

And still Infosys survived that period, and then made it big. Outstanding.

2 Comments »

  1. You can watch the interview here: http://www.bbc.co.uk/newsa/n5ctrl/progs/05/hardtalk/murthy20oct.ram

    Comment by Reuben Abraham — October 25, 2005 @ 12:59 pm

  2. All who are still in existance today did, lets also understand that the govt was not really pro private sector in those days. and there was no Y2k which helped all our IT companies.

    lets also remember where our IT cos are when it comes to the value chain. how many home grown indian websites do you use???

    Comment by Neville — October 2, 2006 @ 3:56 pm

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