Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

Transforming social science

Financial Express Mumbai

|

September 30, 2025

ITS IMPORTANCE IS RISING FOR GOVERNANCE AND THE EVOLVING VIBRANT MARKET SPACE IN A SOCIETY LIKE INDIA

- BADRI NARAYAN Vice chancellor, Tata Institute of Social Sciences, Mumbai

THE NEOLIBERAL ECONOMY has changed the nature of the State and market drastically. In this era, both need to be closer to the public for their own good. The State needs to engage with the public for delivering development and acquiring legitimacy on that yardstick, while the market needs to do so for evolving a vibrant consumer space.

Prime Minister Narendra Modi’s ascent in 2014 made the Indian State more impressive and ambitious in terms of delivering development and deepening democracy. It tried to reorient the State to being relatively more sensitive towards the people in this regard. With the transformation of the State and markets, the role of knowledge becomes crucial because both need to research the people and society to forge coherent linkages. In this context, knowledge becomes very important and valuable for both the transformative actors. PM Modi has described the importance of social research and researchers in various deliberations in the past decade. The New Education Policy, 2020, also accords considerable importance to teaching and researching social science in its conceptualisation and execution.

However, within the western education and research systems, social science is being marginalised day by day. In the past decades, one can easily observe the decline of social science research in top universities like Chicago and Harvard in the US and Oxford and Cambridge in the UK. The University of Chicago recently announced $100 million budget cuts in social science and humanity research and education. The US Department of Defence has also discouraged its social science research vertical in the recent past. It shows a growing crisis within the educational universe of the western world.

MORE STORIES FROM Financial Express Mumbai

Financial Express Mumbai

DeepSeek debuts new updated AI model

DEEPSEEK UPDATED AN experimental AI model Monday in what it called a step toward next-generation AI.

time to read

1 min

September 30, 2025

Financial Express Mumbai

DBT up 26% at 2.9L cr in H1FY26

THE CENTRE'S TRANSFER of assorted subsidies and sops to beneficiaries through the Direct Benefit Transfer (DBT) rose 26% year-over-year to 2.9 lakh crore in the first half of the current financial year, reflecting an uptick in spending on large schemes.

time to read

1 min

September 30, 2025

Financial Express Mumbai

‘Amazon Fresh grew 40% in first 48 hours of festive sale’

SRIKANT SREE RAM, DIRECTOR, AMAZON FRESH

time to read

2 mins

September 30, 2025

Financial Express Mumbai

Video maker EA strikes $55-bn deal to go pvt

VIDEOGAME DEVELOPER ELECTRONIC Arts has agreed tosellitselftoa group of private investors in a deal that values the maker of “Battlefield” and “Madden NFL” at $55 billion, making it the largest leveraged buyout in history.

time to read

1 min

September 30, 2025

Financial Express Mumbai

Air India gets $215-million loan from StanChart, Bank of India

AIR INDIA RAISED about $215 million from Bank of India and Standard Chartered for refinancing, according to people familiar with the matter.

time to read

1 min

September 30, 2025

Financial Express Mumbai

Beverage makers stare at weak Q2

BOTTLERS FOR SOME of the country’s top beverage majors such as PepsiCo and Coca-Cola India expect a weak September quarter as an extended monsoon season is hurting demand, notably during the festive period this month.

time to read

1 mins

September 30, 2025

Financial Express Mumbai

Offline mobile retailers ring louder than e-comm in small-town India

OFFLINE MOBILE RETAILERS, who have been overshadowed in smartphone sales in tier-1 cities by e-commerce players in the ongoing festive season, have tuned their focus to small towns to boost sales.

time to read

3 mins

September 30, 2025

Financial Express Mumbai

Expansion on track for Jindal Steel

FLAT STEEL SHARE TO STRENGTHEN PRODUCT MIX, BOOST MARGINS

time to read

2 mins

September 30, 2025

Financial Express Mumbai

IIP grows 4% in August, manufacturing drags

GROWTH IN INDIA'S industrial production came in at 4% in August, compared with an upwardly revised 4.3% in July, thanks to a rebound in mining and improvement in the electricity sector.

time to read

2 mins

September 30, 2025

Financial Express Mumbai

Centre mulls system for early warning of potential insolvency

THE MINISTRY OF corporate affairs (MCA) is developing an early warning system (EWS) to identify companies at the risk of insolvency, a move that will facilitate preemptive action to avert industrial sickness.

time to read

2 mins

September 30, 2025

Listen

Translate

Share

-
+

Change font size