Wipro chairman Azim Premji reportedly said the Narendra Modi-led government needs to be given more time to show results while assuring shareholders of India's third-largest software services exporter that the company has enough strength in its balance sheet to pursue acquisitions.
"The government is reporting a GDP growth rate of 7.5-8%. That is still not being felt on the ground in terms of traction. But in all fairness to the government, we have to give it time," Premji reportedly said at Wipro's annual general meeting.
Premji says Wipro will continue to invest in earlystage startups through its $100-million venture capital arm Wipro Ventures.