India undoubtedly a bright spot; industry will have its achhe din: NR Narayana Murthy

In an interview with ET Now, legendary industry captain NR Narayana Murthy explains, among many other things, why India doesn't need to worry too much about deficits. Excerpts:

ET Now: How does the India outlook appear to you at this point?

NR Narayana Murthy: China has slowed down. US, of course, is showing improvement in growth, but Europe is not. Latin America has again fallen on bad days. Africa has yet to come up to expectations. Therefore, there is no doubt at all that India is a bright spot.

What we need to do is ensure that the enthusiasm of foreign investors is rewarded with ease of business, tax-friendly policies, etc. We need to make them feel welcome. We need to ensure that India is safe to do business in, and that their material comforts are taken care of.
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