Professional Documents
Culture Documents
Talk at YSP5
Indira Gandhi Institute of Development Research
Mumbai
June 24, 2009
by Pulapre Balakrishnan
Senior Fellow
Nehru Memorial Museum and Library
New Delhi
Consider this:
Aircraft engines need to be put through rigourous tests before they are
sold. What will happen in case of a bird hit, or if a fan blade disengages?
Done physically, each of these tests can cost up to $15 million. And each
test has to be carried out under different conditions. This can burn hundreds
of millions of dollars. General electric, the worlds leading maker of aircraft
engines, carries out all such tests on computers in an industrial estate in
Bangalore at a fraction of the cost and time. As a result, GE hopes to rollout
four or five engines over the next five years. An engine can take up to 20
years to develop. Nobody has ever flooded the market with so many
engines in a span of just five years.
Bhupesh Bhandari, Frugal innovation, Business Standard, June 13/14,
2009
Any
78.9
74.3
Mild
25.7
22.9
Mod.
49.4
45.9
Severe
3.7
5.4
Expenditure
at 1993-94
prices
664.7
7402.0
471.0
3699.0
1354.1
8484.3
3876.5
15095.4
1287.9
4127.9
10929.9
25717.4
16589.9
28349.1
8206.0
10413.7
31398.9
28353.7
63009.5
42817.0
103315.0
55450.3
Period
1.00
1994-95
0.97
1995-96
0.98
1996-97
1.01
1997-98
1.01
1998-99
1.02
1999-00
1.04
2000-01
1.04
2001-02
1.05
2002-03
1.03
2003-04
1.00
2004-05
0.99
78.9
74.3
25.7
22.9
Mod. (7 - 9.9)
49.4
45.9
3.7
5.4
2001-02
(NSS Round 57)
Rural
48.16
66.90
Urban
36.97
51.00