What really drives long-term economic growth? In this video, Debashis Basu talks about the idea of “useful knowledge”—a concept developed by economist Joel Mokyr—to explain why some societies continue to progress while others stagnate. He explores how countries such as China and those in the West have built strong networks connecting science, research, and industry, and why India still struggles to bridge its vast pool of talent with innovation on the ground.

Debashis Basu argues that India’s path to becoming a Viksit Bharat doesn’t lie in grand policy blueprints, but in building institutions, research ecosystems, and a culture that values practical, applicable knowledge. Can India finally turn its intellectual potential into sustained prosperity? Let’s explore.

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