The work that women perform whether as nurturers, in the family business, or agricultural land is invaluable. It is this contribution from women that subsidizes the government’s expenditure in maintaining its labour force. So why then is the work that women perform dubbed “non-productive”? Why is it not taken into consideration when measuring the nation’s GDP?
It is exciting times living in India today. Part of the global village, India trades products, cultures, and ideas with the rest of the world for things that she can’t produce locally. Did our parents ever think that sitting in India they could buy an iphone that has been designed in the US?
Money is part of our every day life. But what exactly is this piece of paper that allows us to buy anything from a small key to a big house? How does money work? Watch the documentary, ‘Money as debt’ with your students and help them figure out what money means.
Every year in the last week of February all of us get talking about the government budget. How dose the government prepare this budget? How does it mark out how much to spend where? How does it anticipate what it will earn in the coming year? Know answers to these and several other budget related questions in this article.
India uses one of the most controversial and perhaps a very convenient method to measure its poverty. We should design a more inclusive method of measuring poverty and change the way we look at who is poor if we are to make any dent in the huge numbers of poor people in India.
India is home to the world’s largest number of poor people. But who are these poor people? How can we as a country lift them out of poverty?
Economics textbooks in India have a very linear way of dealing with the topic of inflation. It is high time however that we moved away from this linear method and included a wider understanding of what inflation is and what the different causes of inflation are. For only then will we be able to battle it.
A healthy human capital is perhaps a country’s most valuable asset. So let us not look at our large population as a burden but as a resource which if strengthened with education and health can contribute to the growth of the country.
India’s growth is often compared with that of China’s by virtue of the fact that they are both large countries with large populations. But how right is it to compare the two? Beyond the already mentioned criteria how similar are the two countries? And how does India actually fare against China?
Industrialization is inevitable if a country aspires to grow and develop. While industrialization promotes growth it also engenders environmental harm. What measures should a government therefore be taking to avoid serious damage to the environment while ensuring that industries continue to support a country’s economy?