We need to recognise that there is no intellectual democracy; elitism in science is inevitable and needs to be promoted.  The Nobel Laureate Richard Feynman had famously said, ‘the difficulty with science is often not with the new ideas, but in escaping the old ones. A certain amount of irreverence is essential for creative pursuit in science.’ The first grand challenge before Indian science is that of building some irreverence. Our...

Even a cursory glance at the daily newspaper reveals the economic mindset and the manipulation of that mindset into losing its sense of balance and well-being by the plethora of reports, articles and stories on the economic life of the Indian nation. There are all sorts of stories, statistics, credit appraisals, banking trends, FDI investment couched in the jargon of the modern economy that, curiously enough, seems to be so...

Recently there has been considerable media discussion about the issue of rise in prices of essential commodities and the problem of food inflation. In a country like India, where the cost of food forms major part of the monthly or daily expenditure incurred by an average family, this is a debate which acquires poignant significance. This is a government that came into power based on a concern for and commitment...

“This is a country on the make.” The speaker was a young assistant to one of India’s rising political stars. And from his perspective, it did look that way. We were sitting in the lobby restaurant of New Delhi’s luxurious Taj Mahal Hotel. That evening, the Taj was not only the place for a government reception following Prime Minister Manmohan Singh’s decisive re-election victory, but it was also the scene...

Output and Growth     According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...