Economic Survey Vol.1 Ch.11: Thalinomics: The Economics of a Plate of Food in India
Thalinomics: The Economics of a Plate of Food in India of Nudge”, the Economic Survey 2018-19 made a humble attempt to understand humans as humans, not self-interested automatons, so that a common person can relate to his/ her idiosyncrasies and use that easy prism to understand behavioural change as an instrument of economic policy. What better way to continue this modest endeavour of forcing economics to relate to the common man than use something that s(he) encounter every day – a plate of food?
Observations made by the Survey
- The absolute prices of a vegetarian Thali have decreased since 2015-16 though it increased during 2019. This is true both across the country and regions i.e. North, South, East, and West.
- Affordability of vegetarian Thalis has improved over the time period from 2006-07 to 2019-20 by 29% and that for non-vegetarian Thalis by 18%.
- The average yearly gain to the household of 5 individuals would be around Rs. 10,887 and Rs. 11,787 for vegetarian and non-vegetarian Thali respectively. (This has been observed across regions with some expectations.)
- At the all-India level, prices of almost all the components used have been mostly lower compared to the projected prices since 2015-16.
- Thali inflation (year-on-year growth in Thali prices) has cyclical nature but has shown a secular decrease from 2006-07 to 2015-06.
- There is no specific trend in the variability of Thali prices at the All-India level. This is true across regions and states and also over time.
- Affordability of Thalis vis-à-vis a day’s pay of a worker has improved over time indicating improved welfare of the common person.
Conclusion
- The Survey concludes by explaining how food is not just an end in itself but also an essential ingredient in
- the growth of human capital and therefore important for national wealth creation.
Recent Articles
- An exchange – Analyzing the Vaibhav Fellowship Program | 26 January 2024 | UPSC Daily Editorial Analysis
- India’s problem — different drugs, identical brand names – Drug Name Confusion Threatens Patient Safety in India | 25 January 2024 | UPSC Daily Editorial Analysis
- The truth about India’s booming toy exports – Protectionism or Productivity? | 24 January 2024 | UPSC Daily Editorial Analysis
- Tax contribution by States needs to be revisited – Time to Recognize State Efficiency through Tax Contribution | 23 January 2024 | UPSC Daily Editorial Analysis
- A revival of the IMEC idea amid choppy geopolitics – Could India-Middle East-Europe Economic Corridor (IMEC) become the New Silk Road? | 22 January 2024 | UPSC Daily Editorial Analysis
- Gearing up for change – Monsoon Trends in India: Analyzing the Impact on Agriculture and Climate Resilience | 20 January 2024 | UPSC Daily Editorial Analysis
- Crafting a new phase in India-U.K. defence ties – Strengthening India-U.K. Defense Cooperation | 19 January 2024 | UPSC Daily Editorial Analysis
- Turning around Indian Ports – Enhancing India’s Global Competitiveness through Port Efficiency | 18 January 2024 | UPSC Daily Editorial Analysis
- A dated urban vision – Mumbai Trans Harbour Link: A Dated Mode of City-Making from Times Past | 17 January 2024 | UPSC Daily Editorial Analysis
- Tensions in Red Sea – Red Sea Threats Disrupt India’s Trade Flows | 16 January 2024 | UPSC Daily Editorial Analysis
Popular Articles
- UPSC CSE 2022 Mains GS 1 Paper Model Answers
- Model Answers for UPSC CSE 2021 GS 2 Paper
- SPR 2023 | SPECIES IN NEWS
- UPSC CSE 2023 Mains GS 2 Paper Model Answers
- Model Answers for UPSC CSE 2020 GS 2 Paper
- UPSC CSE 2023 Mains GS 1 Paper Model Answers
- PDS: objectives, functioning, limitations, revamping
- Land Revenue System during British rule in India
- Govt policies & interventions for development in various sectors, and issues arising out of their design and implementation
- UPSC CSE 2022 Mains GS 2 Paper Model Answers
Popular Topics
ART & CULTURE
CASE STUDIES
COMMITTEES & SUMMITS
DISASTER MANAGEMENT
ECONOMICS
ECONOMICS PREMIUM
ECONOMICS STATIC
ECONOMIC SURVEY
EDITORIAL
ENVIRONMENT & ECOLOGY
ENVIRONMENT PREMIUM
ETHICS
GEOGRAPHY
GEOGRAPHY PREMIUM
GEOGRAPHY STATIC
HEALTH
HISTORY
HISTORY PREMIUM
HISTORY STATIC
INDIAN POLITY
INDIAN POLITY PREMIUM
INDIAN POLITY STATIC
INTEGRITY & APTITUDE
INTERNAL SECURITY & DEFENSE
INTERNATIONAL RELATIONS
LITE SUBSCRIPTION PREMIUM
MAINS
MAINS CORNER PREMIUM
PLUS SUBSCRIPTION PREMIUM
POLITY & GOVERNANCE
PRELIMS
PRELIMS CURRENT AFFAIRS MAGAZINE
PRO SUBSCRIPTION PREMIUM
REPORTS
SAMAJHO'S CORNER PREMIUM
SAMAJHO ANALYSIS
SAMAJHO CORNER PREMIUM
SCIENCE & TECHNOLOGY
SELF PREPARATION
SMAP ANSWER WRITING
SOCIETY
SPR
SYLLABUS
TELEGRAM
YOJANA GIST