Government's FDI push too little, too late: Azim Premji

He said that while the government's recent spate of reforms, including the relaxation of FDI norms is an indication of progress that the government hopes to bring about, the steps were "too little, too late".

Mr Premji was speaking to NDTV on the sidelines of the six-day long World Economic Forum meet, which kicked off yesterday in Davos, Switzerland. Here is an edited transcript of the interview:

Indias super-rich cannot treat extreme wealth as personal wealth, Wipro chairman Azim Premji has said, calling for higher consciousness among Indias wealthy. In such a poor country, there is a legitimacy in taxing the super-rich, he said.

Wipro chairman Azim Premji today expressed optimism over the state of global economy, saying the US has been showing positive signs of late. "...And the US drives a lot of the world scene," Mr Premji told NDTV Profit on the sidelines of the six-day long World Economic Forum meet, which kicked off today at Davos, Switzerland.

Chief executives are less optimistic about short-term growth prospects for their companies than a year ago, according to a survey that offers a reality check on rising stock markets.

Indian leaders are all set to showcase the country as an attractive investment destination, especially for retail and IT, at this year's WEF meet that began today at the snow-laden Swiss town amid uncertain global economic environment.

Given the persistent political unrests, natural disasters and cyber threats, 80 per cent the companies worldwide are seeking better protection of supply chains on priority basis, said a World Economic Forum report today.

The civil society is demanding social justice and accountability from all institutions in uncertain economic and political times globally, as technology has created more aware and educated population that is dominated by young cohorts, says a WEF report.

The six-day long World Economic Forum annual meet, which will see participation of over 100 Indian business and political honchos as well as global leaders, began today and fiscal woes in the world economy are expected to dominate discussions.

The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation fears seem overdone.

The overall confidence in the global economy has improved in the first quarter of this year compared to last three months of 2012, according to a WEF survey.

Chancellor Angela Merkel of Germany and the president of the European Central Bank, Mario Draghi, are being credited rather than pilloried these days for saving the euro from disaster. Together with Prime Minister Mario Monti of Italy and the International Monetary Funds managing director, Christine Lagarde, they will be among the keynote speakers on whether Europes f...

The world's financial and political elite will head this week to the Alps for 2013's gathering of the World Economic Forum in Davos, Switzerland, with the global economy far less plagued by fear than it was last year.

The world has not yet escaped the risk of a collapse in the global economy despite some renewed confidence heading into 2013, the founder of the World Economic Forum told The Associated Press on Monday.

As the annual WEF jamboree begins here today, over 100 business and political leaders from India will join the world's rich and powerful, including 50 government heads, to discuss current state of economic affairs in freezing weather of this Swiss Alpine resort town.

Urban Development and Parliamentary Affairs Minister Kamal Nath will lead the Indian delegation to the annual meet of the World Economic Forum (WEF) at Davos, Switzerland, starting next week.

Despite Europe's avoidance of a euro break-up in 2012 and the United States stepping back from its fiscal cliff, business leaders and academics fear politicians are failing to address fundamental problems, says the Global Risks 2013 report by the World Economic Forum.

On Thursday, Apple’s stock market value was higher than Microsoft and Google put together.

IMF Managing Director Christine Lagarde warned that the eurozone crisis is not the region’s problem alone.

Speaking to NDTV Profit’s Ira Duggal at the World Economic Forum in Davos, Chaudhuri said that the policy rates or OMOs do not have a lasting impact on the interest rate environment; however it is important that they come down. "