Posts

Image
Reskill to Unshackle and Enrich 22.5% of our farm households are below the poverty line and this is a great tragedy.   41% of Indians are in agriculture and contribute only 16% towards the national GDP. The average farmer consequently earns less than a third of the national per capita income.  You can increase farmer income by increasing agricultural output or by moving people out of agriculture or both. While there are many ideas for increasing agriculture output we will focus here on one idea to move people out of agriculture. Everyone including the farmer knows that agriculture is not as remunerative as working in manufacturing or services but spends his life as a farmer because he lacks the skills and education required to move out of agriculture. He also lacks the money to fund the training. Even if he were willing to make the investment on training by borrowing money, he is daunted by the uncertainty of the job market. He does not know if the course he is paying for...
Post a Comment
Read more
Image
  Is Globalization Good for the Globe? Protectionism is raising it’s ugly head once again across the globe. And I make no bones about the fact that it is ugly and undesired while globalization is good. Yes, life is tough! In Mumbai, every single morning and evening, people struggle to make their way inside a train. However, once inside the train, they are openly and sometimes subtly, trying to reduce the number of people who enter the compartment from other stations.   Critics of globalization in the UK and US complain about how global movement of capital has created a great loss in jobs and higher levels of inequality within their countries. Bernie Sanders claims the real wages of the average American factory worker has declined over many decades.   Source: https://www.factcheck.org/2018/06/sanders-misleading-wage-claim/ One may debate that, but data does show an increase in inequality in the developed world since 1980 and some of it could well be attribute...
Post a Comment
Read more