Indian Statistical Institute signs Pact with London School of Economics

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Indian Statistical Institute signs Pact with London School of Economics

The Indian Statistical Institute has signed a Memorandum of Understanding for co-operation in research with the London School of Economics, Union Finance Minister Pranab Mukherjee announced.

The London School of Economics will spend £ 100,000 in the agreement that has been signed until March 2012, but is likely to be extended further, Dr. Bimal Roy, director of ISI said.

“Many foreign universities are keen to extend the co-operation so that an exchange program may be developed where students spend one semester in their university, but the rules of the institute will have to be amended,” Dr. Roy added.

Immense Benefit

“Inputs available from the London School of Economics, sharing their perceptions, will be of immense benefit not only to researchers, scholars and academicians, but also in practical application to policy implementers,” Mr. Mukherjee said, explaining the advantage the partnership will bring to the Central government.

Mr. Mukherjee pointed out that from the Eleventh Plan period, the basic parameters had changed and the emphasis had shifted to ‘inclusive growth’.

Not a Trajectory

Growth should not be merely a trajectory of the high growth rate. Encompassing all sections of society, it should be inclusive growth. The very fundamental of this growth should be knowledge, he said.

“The current paradigm of development is that we have to empower the people with the right of entitlement. To ensure this entitlement, it has to be backed by legal enactment,” he said, citing the examples of Acts being passed to ensure right to employment, education and the upcoming Food Security Bill.

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