Manish Kumar economist The Invisible Hand By Manish Kumar Challenges or opportunities: Time to deliver! The challenges facing the present Bihar government are many, and it needs to overcome them wisely and quickly. First, it needs greater private investment to sustain the present growth momentum. Business communities avidly seek new investment opportunities. The benefits of investing in Bihar are many: low labor costs, large consumer market, political stability, infrastructure, and above all committed government to name a few. We cannot change our natural resource base. That’s a given.... 

Manish Kumar- The Invisible hand The Invisible Hand by Manish Kumar Higher Education reforms: Challenges and Prospects There is an urgent need to carry out reforms in the higher education sector. India’s gross enrollment ratio at 12.4 percent is well below the world average of 23.2 percent and the developed countries average of 54 percent. There are 370 districts in the country with GER less than the national average! We never fail to mention that we had only twenty universities and five hundred colleges at the time of independence and now we have around 378 universities and 18000 colleges.... 

The Invisible Hand By Manish Kumar Bihar’s quest for prosperity ! The Nobel Prize winning economist Robert Lucas Jr. got it right when he said that, “The questions of human welfare involved in questions like these( of development) are simply staggering: once one starts to think about them it is hard to think about anything else (1988). Questions involving growth and development are never easy to answer. They force you to think a lot harder than one is really ready to do. Arriving at the best possible policy course to be followed is a formidable challenge since there are significant...