Political interference has undermined institutions beyond repair, says Deepak Nayyar

Renowned economist Deepak Nayyar has issued a stark warning about the deteriorating state of India's institutions due to pervasive political interference. Speaking at a recent seminar, Nayyar emphasized that the erosion of institutional integrity has reached a point where it may be beyond repair. He argued that this decline not only threatens democratic governance but also undermines the nation's ability to tackle pressing socio-economic challenges effectively. Nayyar stressed the critical role of high-quality education and research in propelling India toward sustained economic growth. He cautioned that without significant improvements in these areas, India risks falling into the "middle-income trap" that has hindered many Latin American countries. This trap refers to the stagnation that occurs when a country's growth plateaus after reaching middle-income status, often due to a lack of innovation and skilled workforce. To avert this potential crisis, Nayyar called for a renewed commitment to strengthening educational and research institutions, free from political meddling. He urged policymakers to prioritize reforms that enhance institutional autonomy and accountability, fostering an environment where academic excellence can thrive. By doing so, he believes India can unlock its vast potential and secure a prosperous future, avoiding the pitfalls that have ensnared other nations.

— Authored by Next24 Live