PITY the poor art of writing. Assaulted by celluloid and marginalised by cyber-expansion, it has been banished to the seminarists ghetto, to a dwindling constituency that still regards the written word as the foremost article of history. Yet according to Ian Jack, editor of Granta, a prestigious literary magazine published in Britain with a circulation of 85,000, there is still space for a cerebral magazine. Granta comes out four times a year, it is called the magazine of new writing, is financed by an American millionaireRay Hedermanand sells mainly in the US. In April next year, the entire issue of Granta will be devoted to "Indiathen and now" as Jack puts it. He hopes to get Salman Rushdie and Amitav Ghosh to contribute.