The NEP: The Dangers Ahead Ramaswamy R Iyer This article brings together in a broad synoptic overview a diversity of concerns relating to the NEP. These include the danger of a deepening of the dualism that already exists in India; the possibility of the erosion of some of the strengths and capabilities built up during the last four decades; the need for wariness in dealing with MNCs; and the importance of safeguarding national interests in the face of the inequities of the global market and the pressures of the global political configuration. The article argues against a feeling of helplessness and in favour of a constant endeavour to enlarge the space for independent decision-making.