Thalinomics: The Economics of a Plate of Food in India
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| Thalinomics |
What it is all about?
A common person can relate economics to something, what he
encounter every day – a plate of Food (Thali).
So Simply ‘Thalinomics’ means- What a common person pays for
a Thali across India.
According to Economic Survey 2019-20:
- The absolute prices of a vegetarian Thali have decreased
significantly since 2015-16;
-though the price has
increased in 2019.
As a result, affordability of vegetarian Thalis improved 29
per cent (from 2006-07 to 2019-20);
While that for non-vegetarian Thalis improved by 18 per
cent.
Shocking Conclusion:
-Suppose, a household of five individual;
-that eats 2 vegetarian Thalis, as lunch and dinner;
-Gained/ saved Rs. 10,887 on average per year.
Now coming to non- vegetarians, Survey says that such
household gained Rs. 11,787 on an average per year.
Note:
-Using the dietary guidelines for Indians (NIN,
2011), the price of Thalis are constructed.
-Price data from the Consumer Price Index for
Industrial Workers for around 80 centres in 25 States/UTs from April 2006 to
October 2019 is used.
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