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 23, 2014, Infosys closed at Rs 3347.00, up Rs 111.90, or 3.46 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2880.00.
The company's trailing 12-month (TTM) EPS was at Rs 185.71 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.02. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 4.57.
READ MORE ON NR Narayana Murthy, Infosys, small and medium enterprises sector (SME), Finance Minister
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