-The Indian Express "If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one." So said Fritz Machlup, a wise American economist several decades ago. His words remain as true now as they were then. For, the patent system is one of the most faulty legal regimes that one could possibly have conceived. It purports...
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India’s two-speed demography -Prachi Priya & Anuj Agarwal
-The Financial Express With 66% of its population under the age of 35, India is home to the largest cohort of young people in the world-825 million. The median age of the country is just 27 years, much below 37 in the US and 46 in Japan. Numbers like these suggest that India has a competitive advantage over China and other Asian countries-a demographic dividend. But favourable demographics do not imply that...
More »The next farm downtrend -Harish Damodaran
-The Indian Express It's likely that India's crop production this year will be lower compared to 2013-14, given deficient rains both in the southwest (June-September) and northeast (October-December) monsoons impacting kharif as well as rabi plantings. But that by itself needn't be cause for concern. We have seen one-off farm output declines even in 2009-10, 2004-05 and 2002-03, which were also drought years. What should worry us more, instead, is the...
More »Agenda for Rejuvenating Irrigation in TS -Gautam Pingle
-The New Indian Express Since the merger of Telangana with Andhra state, irrigation under tanks in Telangana declined from 13,11,054 acres in 1956 to 3,89,591 acres in 2012-13. This is a decline of 9,21,463 acres or 70 per cent!! As a result, Telangana has lost production, income and employment potential of this vast acreage which could have also recharged groundwater (both from standing water in the irrigated areas as well as...
More »Doesn't India Already Have an IPR Policy? -Sunil Mani
-Economic and Political Weekly The National Democratic Alliance government has constituted the IPR Think Tank which, among other things, is to draft the National Intellectual Property Rights Policy. India may not have a policy per se but it has a strong legislation on IPRs, a functioning patents office and mechanisms to grant patents as well as protect consumer interests. The Think Tank has other issues it needs to address, but is...
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