ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By economic development

The Idea of a University in India

In colonial times, universities were established in India to produce graduates who would serve the interests of a colonial ruling elite. Fast-forwarding to the present times, India is witnessing a massification of higher education, with the establishment of more universities and an increase in enrolment. Under such circumstances, what merits examination is whether universities are producing knowledge for knowledge’s sake, or training individuals to fall in line with a neo-liberal nationalist agenda of economic development.

An Imbalanced Ecosystem

The rapid development of various institutions supporting company creation in India has the potential to generate economic growth, innovation, and economic development. However, this article shows that the start-up ecosystem has unevenly developed across cities and economic sectors, and has failed to empower the overall population, so far. Using a comprehensive database on start-ups retrieved from Tracxn, a business data and analytics company, the authors find that venture capital concentrates amongst graduates stemming from a handful of prestigious education institutes in India and abroad. The article analyses the role of entrepreneurship policies and argues for a shift of focus and resources towards the building of a more inclusive start-up ecosystem.