October 31, 2015

India: Cow has to go out of politics, enter economics- says Infosys chairman R Seshasayee

The Times of India

Cow has to go out of politics, enter economics: R Seshasayee
Shubham Mukherjee, TNN | Oct 29, 2015, 01.24AM IST

MUMBAI: Infosys chairman R Seshasayee may be cautiously optimistic about investments picking up in India but appears more confident when it comes to the future of the $9-billion IT behemoth, which seems to have found its mojo back over the last two quarters. Despite the bottlenecks and slow demand for credit in the economy, he feels enthused about the fact that investments have finally started figuring back on the board agenda at India Inc.

"There is a 30% overcapacity still in manufacturing globally, a legacy of the boom years. As it comes down, investments will come back," Seshasayee, also chairman of IndusInd Bank and a former CII president, told TOI in an interview. He, however, held out a word of caution. "The cow has to go out of politics and enter economics since right wing voices are a distraction."
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