Abstract
In this article, I propose to analyse the earliest Indian systematic discussion on the problem of meaning and denotation of words. The discussion itself seems to have been conceived within the famous Indian grammatical tradition (vyākaraṇa), and its definitive form was given by the Grammarian Patañjali (second century BC) in his work Mahābhāṣya. This whole discussion is carried over and further developed within classical Indian philosophy, beginning with the Nyāya school, whose positions regarding semantics are also analysed here, based on classical works of this school.