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

Global South: Health cooperation needs institutions to make solutions scalable

September 12 marks the International Day for South-South Cooperation, commemorating the 1978 Buenos Aires Plan of Action (BAPA). Forty-eight years later, its central proposition remains relevant: countries of the Global South can draw on their own knowledge, experience and innovations to address shared d

Reading the mind of Xi Jinping

As India prepares to host the 18th BRICS Summit this weekend, and as prime minister Narendra Modi is set to hold a bilateral meet with president Xi Jinping, China’s growing global influence and the changing dynamics of India-China relations will be under focus. But to understand where China is head

BRICS at 20: From economic weight to global influence

This year marks 20 years of BRICS, with India set to host the grouping’s leaders’ summit this weekend. The anniversary offers an opportune moment to assess BRICS’ growing importance at a time when the effectiveness of global governance and the credibility of multilateralism are under in

Former president Ram Nath Kovind on some of his unforgettable journeys

Triumph of the Indian Republic: My Life, My Struggles By Ram Nath Kovind Rupa Publications, 400 pages, Rs 795   All our presidents so far stand out, each for a different reason. Ram Nath Kovind, the 14th president of India, from 2017 t

Uday Kotak on history, Indian economy, growth and more

Pathbreakers: How 10 Visionary Leaders Transformed India by award-winning journalists  By Sucheta Dalal and Debashis Basu Rupa Publications, 304 pages, Rs 695  

₹5,000 crore saved from suspected financial fraud

In a significant gain for citizen protection in the digital economy, the Department of Telecommunications (DoT) has helped prevent suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) within fifteen months of its launch on May 22, 2025. This money did

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter