Thalinomics of Economic Survey: Daily bread is more affordable now

Average veg household has gained Rs 10,887 on average per year, non-veg household gained Rs 11,787

GN Bureau | January 31, 2020


#growth   #parliament   #Nirmala Sitharaman   #finance ministry   #Economic Survey   #food   #nutrition   #inflation  
(File photo: Arun Kumar)
(File photo: Arun Kumar)

The Economic Survey, tabled in parliament Friday by minister for finance and corporate affairs Nirmala Sitharaman, devotes a section on what it calls Thalinomics – an attempt to quantify what a common person pays for a Thali across India.

Thalis have become more affordable vis-à-vis a day’s pay of a worker over time, indicating improved welfare of the common person, says the Survey 2019-20. It estimates that vegetarian thalis has become more affordable by 29 percent from 2006-07 to 2019-20, while the figure for non-vegetarian thalis is 18 percent.

The survey has used the dietary guidelines for Indians to calculate the prices of thalis. Price data from the Consumer Price Index for industrial workers for around 80 centres in 25 states and UTs from April 2006 to October 2019 have been used for the study.

The Survey states that across India and also the four regions of North, South, East and West, it is found that the absolute prices of a veg Thali have decreased significantly since 2015-16 though it has increased in 2019. This is due to the sharp downward trend in the prices of vegetables and dal in contrast to the previous trend of increasing prices. As a result, an average household of five individuals that eats two vegetarian thalis a day has gained around Rs 10,887, on average per year, while a non-veg household gained Rs 11,787, on average per year.

The Survey states that 2015-16 can be considered as a year when there was a shift in the dynamics of thali prices. Many reform measures were introduced since 2014-15 to enhance the productivity of the agricultural sector as well as efficiency and effectiveness of agricultural markets for better and more transparent price discovery.

The Economic Survey says that food is not just an end in itself but also an essential ingredient in the growth human capital and therefore important for national wealth creation. “Zero hunger” has been agreed upon by nations of the world as a Sustainable Development Goal (SDG) of the UN.

Comments

 

Other News

Title Insurance: new product for old issues

Real estate is among the priciest investments around. More so for the common man who has to live with the burden of monthly EMIs. Yet, it is an art to discover the real owner of any property. Government and revenue records, which are easily accessible to the public, are not properly maintained. Individual

Aadhaar linkage with electoral roll on cards

The election commission of India (ECI) has been working on a series of electoral reforms, and the agenda includes linking Aadhaar with the electoral roll, considering paid news and false affidavit as electoral offence/corrupt practice, better monitoring the role of print media and social media intermediari

Save Panje wetland, give it Ramsar status: environmentalists

To protect the fast depleting wetlands against being used as landfill and for development activities in Mumbai metropolitan region (MMR), environmentalists have asked the centre to declare the 289-hectare Panje wetlands in Uran tehsil of Raigarh district as a ‘Ramsar site’ and preserve its ecol

All you wanted to know about Mumbai’s coastal road

Mumbai is building a coastal road to cut through traffic snarls and make life easier for commuters. The ambitious project, part of the city’s Development Plan (DP) 2035, is the second major initiative after the Bandra-Worli sea link, and should become a reality in 2023. Here are the key facts

Delhi elections: accounting for intangibles away from banal nationalism and hyper nationalism

The party that came into existence on the intangible timeworn issue of corruption, transparency and increasing public investment through public savings is going on winning elections in Delhi with huge margins, consistently rowing the boat between doldrums and high tides. Somewhere between the doldr

How Divyang-friendly and inclusive is Mumbai? Experts discuss

Mumbai, the second largest city in the country, is not very inclusive when it comes to the easy access to the disabled, but it is learning and is in the process of making the life of Divyangs easier. Also, it aims to rehabilitate all slums in five years. Stakeholders came together to discuss



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter