"Presidency would certainly want government's help, but (it should) not (be) dominant," Sen said at a lecture at the university here.
At a special convocation, Sen was given an honorary D.Litt by the university where he had studied economics at the undergraduate level and is now adviser to the chairman of Presidency University Mentor Group.
Talking about his college days, he said the general idea during that time was to accept any kind of belief that would come from any side.
During his lecture, the economist said democracy was not a majoritarian rule.
"Now if you think about India, when we say that democracy may be under some threat... What are the issues? Well first of all, democracy is not just a majoritarian rule, it also involves minority rights, it involves liberty and liberty of expressions and so on," he said.