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Maintaining an ecosystem just to conserve biodiversity will affect its commercial potential as well as the livelihoods dependent on the ecosystem. There is also a conflict between using an ecosystem only for livelihoods, for commercial exploitation, or strictly for conservation. Deforestation caused due to commercial exploitation will lead to indirect harm like floods, siltation problems and microclimatic instability, apart from adversely affecting livelihoods dependent on forests. These conflicts are particularly acute in developing countries where the dependence of people on the ecosystem is significant, and commercial exploitation has the potential to boost national income.

Maintaining an ecosystem just to conserve biodiversity will affect its commercial potential as well as the livelihoods dependent on the ecosystem. There is also a conflict between using an ecosystem only for livelihoods, for commercial exploitation, or strictly for conservation. Deforestation caused due to commercial exploitation will lead to indirect harm like floods, siltation problems and microclimatic instability, apart from adversely affecting livelihoods dependent on forests. These conflicts are particularly acute in developing countries where the dependence of people on the ecosystem is significant, and commercial exploitation has the potential to boost national income.

The history of renewable energy suggests there is a steep learning curve, meaning that, as more is produced, costs fall rapidly because of economies of scale and learning by doing. The firms’ green innovation is path-dependent: the more a firm does, the more it is likely to do in the future. The strongest evidence for this is the collapse in the price of solar energy, which became about 90% cheaper during the 2010s, repeatedly beating forecasts. Moving early and gradually gives economies more time to adjust, allowing them to reap the benefits of path-dependent green investment without much disruption. A late, more chaotic transition is costlier.

The history of renewable energy suggests there is a steep learning curve, meaning that, as more is produced, costs fall rapidly because of economies of scale and learning by doing. The firms’ green innovation is path-dependent: the more a firm does, the more it is likely to do in the future. The strongest evidence for this is the collapse in the price of solar energy, which became about 90% cheaper during the 2010s, repeatedly beating forecasts. Moving early and gradually gives economies more time to adjust, allowing them to reap the benefits of path-dependent green investment without much disruption. A late, more chaotic transition is costlier.

Each State in India faces a distinctive set of challenges regarding the impact of warming, but also offers its own set of opportunities for reducing emissions depending on its natural resources. For example, coastal States need to take action to protect their shores from sea level rise, districts that are drier need to prepare for variable monsoon precipitation. Himalayan regions have their own unique challenges, and selected parts of peninsular India and offshore areas offer great opportunities for harnessing wind power. These various aspects need to be considered for developing clear and sustainable goals for the future.

Each State in India faces a distinctive set of challenges regarding the impact of warming, but also offers its own set of opportunities for reducing emissions depending on its natural resources. For example, coastal States need to take action to protect their shores from sea level rise, districts that are drier need to prepare for variable monsoon precipitation. Himalayan regions have their own unique challenges, and selected parts of peninsular India and offshore areas offer great opportunities for harnessing wind power. These various aspects need to be considered for developing clear and sustainable goals for the future.

If the social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. Besides those below the official poverty line, even those just over the poverty line are subject to multiple economic insecurities of various kinds (due to wealth and/or health risks, market fluctuations, job-related uncertainties). Many Government policies are actually intended towards mitigating these insecurities.

If the social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. Besides those below the official poverty line, even those just over the poverty line are subject to multiple economic insecurities of various kinds (due to wealth and/or health risks, market fluctuations, job-related uncertainties). Many Government policies are actually intended towards mitigating these insecurities.

One of the dismal realities of the agricultural sector in independent India has been that it never experienced a high-growth phase, unlike the non-agricultural economy. The highest decadal growth (compound annual growth rate or CAGR) for agriculture has been just 3.5% in the 1980s. Also, after experiencing a spurt in decadal growth during the 1980s, agricultural growth suffered relative stagnation thereafter. This is in sharp contrast to non-agricultural growth, which consistently increased from the 1980s to 2000s.

One of the dismal realities of the agricultural sector in independent India has been that it never experienced a high-growth phase, unlike the non-agricultural economy. The highest decadal growth (compound annual growth rate or CAGR) for agriculture has been just 3.5% in the 1980s. Also, after experiencing a spurt in decadal growth during the 1980s, agricultural growth suffered relative stagnation thereafter. This is in sharp contrast to non-agricultural growth, which consistently increased from the 1980s to 2000s.

In our country, handlooms are equated with a culture that ensures a continuity of tradition. This idea has become part of the public policy-framing and provides a legitimate basis for the State to support the sector. But the notion of tradition as a single, linear entity is being strongly contested today. The narratives dominant in defining culture/tradition in a particular way are seen to have emerged as the identities and histories of large sections. The discounted and, at times, forcibly stifled identities are fighting for their rightful place in history. Against this backdrop, when we promote handloom as a traditional industry, it is not surprising that large sections of our population choose to ignore it.

In our country, handlooms are equated with a culture that ensures a continuity of tradition. This idea has become part of the public policy-framing and provides a legitimate basis for the State to support the sector. But the notion of tradition as a single, linear entity is being strongly contested today. The narratives dominant in defining culture/tradition in a particular way are seen to have emerged as the identities and histories of large sections. The discounted and, at times, forcibly stifled identities are fighting for their rightful place in history. Against this backdrop, when we promote handloom as a traditional industry, it is not surprising that large sections of our population choose to ignore it.

In our country, regrettably, teaching and learning for the examination have been our forte but the new demands of society and the future of work require critical and independent thinking, learning through doing, asking questions from multiple disciplinary perspectives on the same issue, using evidence for building arguments, and reflecting and articulation. Higher education should not “either be a mere servant of the government policy or a passive respondent to public mood.” Higher learning is all about how to think rather than what to think. Teaching has to be re-invented.

In our country, regrettably, teaching and learning for the examination have been our forte but the new demands of society and the future of work require critical and independent thinking, learning through doing, asking questions from multiple disciplinary perspectives on the same issue, using evidence for building arguments, and reflecting and articulation. Higher education should not “either be a mere servant of the government policy or a passive respondent to public mood.” Higher learning is all about how to think rather than what to think. Teaching has to be re-invented.

If there is inequality in the pattern of population growth, there is greater inequality in food production and utilization. As societies become wealthier, their consumption of animal products increases. This means that a greater proportion of such basic foodstuff as grains and legumes that could feed humans directly is instead being converted into feed for poultry and large farm animals. Yet this conversion of plant-based food into animal food for humans is far from efficient. Only 16% of the calories fed to chickens are recovered by us when we eat them. This conversion rate goes down to five to seven per cent in large animals that are fed grain to add fat and some protein before slaughter.

If there is inequality in the pattern of population growth, there is greater inequality in food production and utilization. As societies become wealthier, their consumption of animal products increases. This means that a greater proportion of such basic foodstuff as grains and legumes that could feed humans directly is instead being converted into feed for poultry and large farm animals. Yet this conversion of plant-based food into animal food for humans is far from efficient. Only 16% of the calories fed to chickens are recovered by us when we eat them. This conversion rate goes down to five to seven per cent in large animals that are fed grain to add fat and some protein before slaughter.

Over the next 30 years, many countries are promising to move to net-zero carbon, implying that household emissions will have to be cut to close to nothing. A leading climate scientist reckons that, at best, half the reduction might be achieved through demand-side measures, such as behavioural changes by individuals and households. And even that would require companies and governments to provide more incentives to change through supply-side investments to make low-carbon options cheaper and more widely available.

Over the next 30 years, many countries are promising to move to net-zero carbon, implying that household emissions will have to be cut to close to nothing. A leading climate scientist reckons that, at best, half the reduction might be achieved through demand-side measures, such as behavioural changes by individuals and households. And even that would require companies and governments to provide more incentives to change through supply-side investments to make low-carbon options cheaper and more widely available.

In only 50 years, the world’s consumption of raw materials has nearly quadrupled, to more than 100 billion tons. Less than 9% of this is reused. Batteries of old vehicles contain materials such as lithium, cobalt, manganese and nickel that are pricey and can be hard to obtain. Supply chains are long and complicated. Buyers’ risks are being aggravated by their suppliers’ poor environmental and labour standards. Reusing materials makes sense. Once batteries reach the ends of their lives, they should go back to a factory where their ingredients can be recovered and put into new batteries.

In only 50 years, the world’s consumption of raw materials has nearly quadrupled, to more than 100 billion tons. Less than 9% of this is reused. Batteries of old vehicles contain materials such as lithium, cobalt, manganese and nickel that are pricey and can be hard to obtain. Supply chains are long and complicated. Buyers’ risks are being aggravated by their suppliers’ poor environmental and labour standards. Reusing materials makes sense. Once batteries reach the ends of their lives, they should go back to a factory where their ingredients can be recovered and put into new batteries.

It is hard to predict how changes in the climate and the atmosphere’s chemistry will affect the prevalence and virulence of agricultural diseases. But there is a risk that such changes will make some plant infections more common in all climatic zones, perhaps catastrophically so. Part of the problem is that centuries of selective breeding have refined the genomes of most high-value crops. They are spectacular at growing in today’s conditions but genetic variations that are not immediately useful to them have been bred out. This is good for yields but bad for coping with changes. A minor disease or even an unknown one could suddenly rampage through a genetically honed crop.

It is hard to predict how changes in the climate and the atmosphere’s chemistry will affect the prevalence and virulence of agricultural diseases. But there is a risk that such changes will make some plant infections more common in all climatic zones, perhaps catastrophically so. Part of the problem is that centuries of selective breeding have refined the genomes of most high-value crops. They are spectacular at growing in today’s conditions but genetic variations that are not immediately useful to them have been bred out. This is good for yields but bad for coping with changes. A minor disease or even an unknown one could suddenly rampage through a genetically honed crop.

“A good statesman, like any other sensible human being, learns more from his opponents than from his fervent supporters. For his supporters will push him to disaster unless his opponents show him where the dangers are. So if he is wise he will often pray to be delivered from his friends, because they will ruin him. But, though it hurts, he ought also to pray never to be left without opponents; for they keep him on the path of reason and good sense. The national unity of free people depends upon a sufficiently even balance of political power to make it impracticable for the administration to be arbitrary and for opposition to be revolutionary and irreconcilable.”

“A good statesman, like any other sensible human being, learns more from his opponents than from his fervent supporters. For his supporters will push him to disaster unless his opponents show him where the dangers are. So if he is wise he will often pray to be delivered from his friends, because they will ruin him. But, though it hurts, he ought also to pray never to be left without opponents; for they keep him on the path of reason and good sense. The national unity of free people depends upon a sufficiently even balance of political power to make it impracticable for the administration to be arbitrary and for opposition to be revolutionary and irreconcilable.”

There has been no democracy that has grown economically without corporate capitalism. It helps in modernizing the economy and enabling the transition from rural to urban, and agriculture to industry and services, which are inevitable with growth. It generates jobs — and there is no other way to fix a country’s unemployment challenge without a further impetus to private business. Big companies can operate on a large scale and become competitive both domestically and externally. A vibrant corporate capitalist base also leads to additional revenues for the State — which in turn, can be used for greater welfare for the marginalized and creating a more level playing field in terms of opportunities.

There has been no democracy that has grown economically without corporate capitalism. It helps in modernizing the economy and enabling the transition from rural to urban, and agriculture to industry and services, which are inevitable with growth. It generates jobs — and there is no other way to fix a country’s unemployment challenge without a further impetus to private business. Big companies can operate on a large scale and become competitive both domestically and externally. A vibrant corporate capitalist base also leads to additional revenues for the State — which in turn, can be used for greater welfare for the marginalized and creating a more level playing field in terms of opportunities.

“A network of voluntary associations stands as a ‘buffer’ between the relatively powerless individual and the potentially powerful State.”

A single number for inflation is an aggregate across different commodities and services — the price rise differs for different items of consumption. So, the single number is arrived at by assigning weights to different commodities and services. For WPI, the weights in production are used; for CPI, the consumption basket is used. But people are not homogeneous. The consumption basket is vastly different for the poor, the middle classes, and the rich. Hence, the CPI is different for each of these classes and a composite index requires averaging the baskets.

Trust stands commonly defined as being vulnerable to others. Entrepreneurship implies trust in others and willingness to expose oneself to betrayal. Trust in expert systems is the essence of globalizing behaviour; trust itself emerges as a super-commodity in the social market and defines the characteristics of goods and services in a global market. Trusting conduct also means holding others in good esteem, and an optimism that they are, or will be, competent in certain respects.