Capitalism can solve poverty: Infosys mentor

The non-executive chairman of one of India's largest and most admired software companies advocates

"Capitalism is about providing equal opportunity for everybody and to make sure that people have incentives to perform better and better. It also thrives in an environment of competition,"

"Let's remember that all countries which embraced communism have failed. Even in Cuba the only person that Fidel Castro could trust was his brother," he said and suggested that capitalism responded to human nature better.

"We (India) do not have people who can straddle both the worlds, the urban and the rural, the rich and the poor, the educated and the not-so-well-educated. I think we need leaders who straddle all these worlds,"

"There is a serious crisis in the moral dimension of most of our leaders, in the ethical dimension of our leaders, in the competence dimension of our leadership, in the ability of our leaders to connect with large masses of people."

"All over the world it has been demonstrated that only when you have the right to retrench, then only you will become bold to create more and more jobs. I would say that is one of the primary things we have to do,"

"Corporations and the government must work together so that even if people have to be retrenched they would have the wherewithal to support themselves for six months or a year before they can get another job."

"There is no doubt at all. I don't believe the government should be in business. I think the Navratnas would perform better if they are in private sector hands or if they operate as if they are in the private sector," he said.

"I believe even infrastructure should be built by private sector. The government should create policies that encourage private sector to create infrastructure - for example, airports, roads, power companies, distribution companies, ports."

Last but not the least...just like i said before

Murthy said that the retail trade industry in India , that is open only to single-brand multinational corporations, should be thrown open to investments from overseas.

"When we have opened it to large Indian groups, it means the mom and pop stores are likely to suffer anyway. So why not open it to large multinationals? Let them bring the best technology, best practices so that at the end of the day the consumer benefits."