SME sector has the potential to add significant value to India's economy as it happens in developed nations. Therefore encouraging SME sector is a very important activity, says Narayana Murthy.
NR Narayana Murthy, executive chairman, Infosys is of the belief that just as in developed economies, the small and medium enterprises sector ( SME ) has a potential to add significant value to India’s economy too. Therefore, encouraging SME sector is an important activity he adds, in an interview to CNBC-TV18.
He congratulated CNBC-TV18 for its Emerging India Awards which encourage and recognise performers in the SME sector.
Below are excerpts of his conversation with CNBC-TV18's Kritika Saxena
Q: What is the importance of the SME sector?
A: The SME sector has the potential to add significant value to India's economy as it happens in developed nations. Therefore encouraging SME sector is a very important activity. I congratulate CNBC on their initiative. It already has shown lot of promise and therefore I congratulate them.
Q: The economy at this point is at a volatile space. What is your view going forward, by when do you think the economy could see some kind of recovery?
A: That is for the Chief Economic Advisor and the Finance Minister to answer. Sitting from where I do, I don’t get a view of the macro economy therefore I won’t be in a position to answer.
Infosys stock price
On July 06, 2015, at 14:47 hrs Infosys was quoting at Rs 981.75, down Rs 8.2, or 0.83 percent. The 52-week high of the share was Rs 2335.20 and the 52-week low was Rs 968.50.
The company's trailing 12-month (TTM) EPS was at Rs 52.96 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 18.54. The latest book value of the company is Rs 209.27 per share. At current value, the price-to-book value of the company is 4.69.
READ MORE ON NR Narayana Murthy, Infosys, small and medium enterprises sector (SME), Finance Minister, SME Stepup
Set email alert for
ADS BY GOOGLE
video of the day
EMs to be volatile near term; Nifty Dec target at 8600: UBS