Human Capital

Three years ago, the Indian economy clocked a quarterly growth rate of over 9 percent. Now, growth has slowed to nearly half that rate, printing at 4.7 percent for the latest quarter (October-December 2019). Most estimates place growth for the current fiscal year, ending March 2020, at 5 percent, and for next year, 2020-21, at 6 percent. This is an astonishing slowdown for a country that, until recently, enjoyed bragging rights as the fastest growing large economy in the world.

Care work has been the focus of policy debates after the International Labour Organization (ILO) published a report titled “Care Work and Care Jobs for the Future of Decent Work” in 2018. The ILO observed that care work involves a range of skills that are often not formally recognized or remunerated, and involving working conditions that are not regulated. Furthermore, care work has an undisputable gender burden with two-thirds of all care workers being women who dedicate themselves to unpaid care work 3.2 times more often than men.

Over the last thirty years, the Indian state has done a remarkable job ensuring its citizens have access to education. Beginning with state-level policies such as the Andhra Pradesh Primary Education Programme and Shiksha Karmi in Rajasthan in 1984 and 1987 respectively, and culminating in the Right to Education Act at the Centre in 2009, the legislative and programmatic attention to education has been tremendous. And with that, there has been a genuine expansion in access and provision at the primary level.

Earlier this year in mid-April, the Prime Minister officially launched the National Agricultural Market (NAM), designed to serve as a “pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities” (e-nam.gov.in). First proposed in the Union Budget for 2014-15, the NAM, currently in its pilot phase, includes 21 markets across 8 states and 11 commodities.