Past Issues

Failure is a Necessary Part of Innovation

Sanjay Subhedar, founding Managing Director of Storm Ventures, and member of the Governing Board, ISB was at the Indian School of Business, and during his conversation with C Chitti Pantulu, former Director – Marketing and Communications, talked about the start-up environment in India, innovation landscape and the e-commerce space.

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Mitigating Risk and Vulnerability: Household-Level Responses to Drought

A survey of five drought prone states across India by ISB researchers shows that even as farming households wait for elusive government support, they devise their own coping mechanisms to address the fallout of drought. Having said that, the findings of the study point to the urgency for decision makers to prioritise drought mitigation, and adaptation strategies and for better targeting of investments in rain-fed agriculture.

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Impact of Climatic Conditions on GDP

A one degree Celsius increase in daily mean temperatures would on an average decrease agricultural output by 11% in India. The overall GDP, as a result, would reduce by 28%, making the 8% per annum GDP growth rate a pipedream. The consequences of climate change could be devastating, if policy makers continue to ignore it. Agricultural output would fall resulting in food shortages and inflationary pressures in the years to come.

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Crop Diversification to Reduce Exposure to Climatic Changes: Associated Risks and Mitigation Strategies

Lack of well-developed supply chain systems for alternative crops expose farmers to considerable risk, making it difficult for them to move away from the paddy/wheat crop rotation cycle. Public policy interventions and supply chain innovations such as targeted insurance products, pooling practices, investments in skill development, entrepreneurial models for service provision, market-side initiatives and a better understanding of supply chain risks are needed to enable farmers to adopt crop diversification.

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