Public institutions, pvt sector together can help developing economies overcome pandemic: Nadella

TIL Desk/Business/New Delhi/ Microsoft CEO Satya Nadella on Saturday said public institutions and the private sector working together can help developing economies to recover from the pandemic and “catch-up growth”.

He also emphasised on the need for a “social contract” between the government, private sector and the broad civic society that allows creation of harmony to navigate changes together.

“Having grown up as a son of an Indian civil servant, I think quite a bit about public sector and also the institutional strength of our public sector institutions is so important…how do we get the public sector to the efficient frontier of even technology use.

“And, this is where I think some of the work that”s happening in India, whether it is the ID system or the banking API or the payment API, so it”s pretty enlightening,” Nadella said during Ficci”s annual general meeting (AGM).