Competition, regulation play vital role in society’s well being: Narayana Murthy
Infosys founder N.R. Narayana Murthy has emphasized on the role played by competition and regulation, saying that both the mechanisms acted like an ‘invisible hand’ that worked towards betterment of the society.
Murthy was delivering a keynote address at the sixth annual day lecture on ‘Creating a Better India – Musings on Economic Governance Ideas for India’ organised by the Competition Commission of India
(CCI) on Wednesday.
He said that competition brings out the best in any company and leads to innovation, new ideas, services and products.