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Kindly end this discussion for something constructive

Please help make the Manifesto better, or accept it, and propagate it!
Dr Sabhlok has acknowledged he may have spoken hastily.    I think the
matter should be allowed to rest at that, and we should move onto something
constructive on which IIT Kharagpur and VGSOM specifically require the help
of all at India Policy Institute.

Namely, between March 24-26 2000 we are holding a new "Technology Festival",
a part of which involves a panel discussion on the subject "India's
Information Technology Industry: Reducing Hype and Facing Reality".

We are trying to get a high-powered panel together.  We also have made a
small start to making this an ongoing discussion on the Internet and there
is a Yahoo Club under Computers and Internet on the topic at

Please join the club and contribute your suggestions; opr better still, we
would like IPI or Vamsi or some Infotech wizard to open up a dedicated site
for this purpose alone.   It will be "live" during the "warm body" panel
discussion on the 25th, otherwise it will be an ongoing forum dedicated
solely to discussing India's IT industry and technology in all aspects.'

Of course it should be linked to as many sister-sites as possible.

Do help.

Subroto Roy.

-----Original Message-----
From: Dr. Sanjeev Sabhlok <sanjeev@sabhlokcity.com>
To: debate@indiapolicy.org <debate@indiapolicy.org>
Date: Thursday, March 09, 2000 1:58 PM
Subject: market valuations

>Please help make the Manifesto better, or accept it, and propagate it!
>Reg. Kharagpur, I have unwittingly stepped on various toes, as the
>messenger of possibly not so pleasant facts. First of all, I must make it
>clear that the arrangments and facilities at VGSOM are clearly among the
>best in the world. The hospitality of Prof. Roy, both at VGSOM and at his
>residence was also absolutely wonderful! Many many thanks to him and his
>Reg. other issues, please ignore my personal assessment which is merely one
>among millions and can easily be wrong. Let us instead get very academic
>and scientific: Please let us find out (not that it is very relevant for
>IPI's policy debate, but nevertheless this procedure can help distinguish
>facts from personal biases):
>* What is the (average) market value of a fresh IIT KGP graduate in the
>world's market place today vis-a-vis other IITs? What about with reference
>to Caltech, MIT? My assessment is on heresay. Any studies on this? If IIT
>KGP has slipped down the national rankings, why?
>* Has IIT KGP lived up to its goals? Has it spawned a Silicon Valley? If
>not why not? Was the fault of the system (incestuous inbreeding of faculty)
>or of the Marxist state government? Did we ultimately waste billions of
>dollars of precious national resources on IIT KGP over the 45 or so years
>of its existence? What has been the return on this investment to the
>* What is the (average) market value of a fresh VGSOM, KGP MBA in the
>world's market place vis-a-vis other B-schools of India and abroad? I am
>very glad to hear that everyone is well placed now. Let us therefore have
>the **averages** of their salary structure and compare with other
>* What is the (per capita) investment (including FDI) into W.Bengal over
>the last 50 years in relation to other states of India? That represents the
>investor's valuation of W.Bengal. Has there been any capital flight out of
>W.Bengal, including of human capital? How much? Subtract that from
>* What is the (per capita) investment (including FDI) into India over the
>last 50 years in relation to other countries of the world, such as SE Asian
>nations and China? That represents the investor's valuation of India. Has
>there been any capital flight out of India, including of human capital?
>Subtract that from investment.
>Finally, once again, wherever my personal assessment has gone against
>market valuations, please DISREGARD my casual and perhaps ill-informed
>assessment. USA Today values universities in USA not based on a single
>person's valuation, but on the basis of a vast matrix of responses. Today,
>the market for education and investment is practically the entire world.
>Prices are the social valuation vector, and in a global economy these
>become the global valuation vector. Very rarely does the world go
>consistently wrong in valuing anything.
>If at the end of the above valuation, some one feels that the market has
>undervalued Kharagpur or W.Bengal or India, (a) better marketing or (b)
>improvement in the quality of the underlying product would help.
>This is the National Debate on System Reform.       debate@indiapolicy.org
>Rules, Procedures, Archives:            http://www.indiapolicy.org/debate/

This is the National Debate on System Reform.       debate@indiapolicy.org
Rules, Procedures, Archives:            http://www.indiapolicy.org/debate/