And that is the main failing. The fundamental problem is political interference and appeasement of the farming lobby. The malady, thus, arises not from any lack of technology but just the lack of will. But historically, technology developed on the coat-tails of other mainstream developments. The underlying motivation is man s desire for more leisure.
Technology frees labour for greater leisure and a more productive existence.
So, instead of the capital market, it is man s passion for more comfort that drives tech development. I have been reading ET reports about the impending doom that faces the Indian automobile industry owing to imports. Makers of cars and two-wheelers are pulling out all stops to get the maximum tariffs slapped on such imports. But this is unfair. If the media is be believed then the latest cars and mopeds will be available at rates that that will be competitive, compared to prices fixed by domestic firms.