A Quote by N. R. Narayana Murthy
I think India has several advantages in the knowledge sector, in the software sector.
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Our policy is not to discourage the private sector, but to see that Air India plays the role of flagship in the industry. In the transport sector, Air India is the 'fate of India' and all efforts will be made to restore its past glory.
The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.
The bottom line is this: I want America to be at the forefront of innovation in the broadcast sector, the wireless sector, and every other sector of the communications industry.
I'd like to have another opportunity to serve. I believe in service. I enjoy it. I also like coming and going, you know, because I think that my private-sector life has contributed to how I think about public-sector challenges and what I do in the public sector.
I think we should, as the public sector or politicians, stop creating an illusion that it is the public sector that drives growth and jobs. It is not. It is the private sector that does it. There is no growth without entrepreneurship.
Tourism is a very very important sector for us. Hospitality is an important sector for us. Civil Aviation is an important sector for us. In a country like India where they contribute to the GDP, not only GDP but millions of jobs have been provided through these sectors.
People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.
I can be happy in the private sector, the non-profit sector, or the public sector.
In today's knowledge-based economy, what you earn depends on what you learn. Jobs in the information technology sector, for example, pay 85 percent more than the private sector average.
The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an undersupply of people committed to the public sector.
If you go to India the roads are being built almost entirely with private sector money and by the private sector. If you look at many, many countries in Europe that's how they're doing it.
I have to create in India a macroeconomic environment where the employment in aggregate can go up at a handsome rate. Once that happens, people losing jobs in one sector will not mean that they will become perpetually unemployed. From one sector, they can move on to other sectors.
Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.
The biggest difference between the private sector and public sector is in the private sector, there's a sense of urgency because you have customers and you have competitors. Whereas in government, one of your major objectives is to not make any really big mistakes.
Private sector unionization is down to practically seven percent. Meanwhile the public sector unions have kind of sustained themselves [even] under attack, but in the last few years, there's been a sharp [increase in the] attack on public sector unions, which Barack Obama has participated in, in fact. When you freeze salaries of federal workers, that's equivalent to taxing public sector people.
There is definitely a need for increasing capacity in higher education; a large part of this is being met in the technical education segment by the private sector and in the non-technical by the state sector. In the public sector, we will do whatever we can afford.
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