Infosys co-founder N R Narayana Murthy on Sunday emphasized the importance of compassionate capitalism and highlighted the role of technology in India’s future.
Speaking at the centenary celebration of the Indian Chamber of Commerce (ICC) at Calcutta Town Hall, Murthy said, “I humbly request that we embrace compassionate capitalism. Compassionate capitalism combines the best aspects of free-market capitalism with the compassion found in liberalism and socialism. By doing so, we can create a model for the world—an India that stands as a shining example of how capitalism can succeed while still uplifting the most vulnerable members of society.”
On the importance of embracing technological advancements, Murthy said, “Technology is not just a tool for convenience; it’s a catalyst for growth. It reduces costs, increases revenue, and creates new opportunities. Take the example of AI- it’s revolutionizing industries, especially in sectors like healthcare. AI is already helping to detect diseases like cancer far more effectively than traditional methods.”
Commending the ICC for its longevity, he said, “The true measure of success in any organization is its longevity. This is why I have such deep respect for those corporations in India that have stood the test of time and continue to grow. This institution we are celebrating today is also a shining example of enduring strength and vision. A legacy like this is not built overnight but through dedication, hard work, and a commitment to excellence. It’s truly inspiring to witness such growth and resilience.”
Sanjiv Goenka, chairman of the ICC advisory council and chairman of RPSG Group, said: “It is indeed a momentous occasion as we gather here to celebrate the century-long legacy of the Indian Chamber of Commerce. A century of excellence, collaboration, and commitment to the cause of Indian industry.”
Abhyuday Jindal, president of the ICC, highlighted the organization’s pivotal role in India’s industrial growth. “For a century, the ICC has been a symbol of excellence, collaboration, and commitment to fostering economic growth in India. This evening is a reflection of the hard work and dedication that has shaped the organization into what it is today.”
Brij Bhushan Agarwal, senior vice president of the ICC, delivered the vote of thanks, expressing gratitude for the support and contributions of all stakeholders. The event was attended by several prominent industrialists, including Parthiv Vikram Neotia, vice president of the ICC, and Dr Rajeev Singh, director general of the ICC.