.......India needs a centralised research institution like the National Bureau of Economic Research, Cambridge, Boston, which encourages research and disseminates it across the country. There is a need to have close interaction between the Centre and the States, as well as the RBI, to build synergy between academic economists and policy makers. The authorities could advertise grant to undertake research in specific areas of economic research. The Indian Economic Association (IEA) could be strengthened with more regional and city chapters to encourage young and budding economists to start contributing to research efforts............
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Straight answer is many economists have infiltrated into bureaucracy for survival and a lucky few have migrated into the affluent and powerful BPL(Businessmen-Politicians-Lawyers) combine which is the ruling class of present day India. Still, thoughts like these expressed in ‘cornered’ columns keep the torch of hope burning. The issues raised here are relevant not only for economists. Mutatis mutandis, they apply to education at all levels and across sectors, training and research and human resources management in general. Mismanagement of human resources has fatal bi-products like frustration, brain-drain and other serious consequences. One wishes, the suggestions made by Dr Singh draw the attention they deserve from those responsible for follow up action. Perhaps, the time is opportune for setting up a National Commission for Higher Education, Research and Manpower Planning with state level bodies with similar objective.
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