Thalinomics versus Dosanomics: a tale of two chief economic advisers
Live MintNew Delhi: After the hamburger and dosa, economists have now turned to the thali to try and illustrate the impact of inflation on a nation’s life. Enter ‘Thalinomics: The economics of a plate of food in India’—an attempt to quantify what a common person pays for a Thali across India,” says the Economic Survey 2019-20. Indeed, Thalinomics may just evolve into India’s very own Big Mac Index, which informally measures the purchasing power parity of currencies of different countries through a price comparison of McDonald’s hamburger in the stated geographies. Both across India and the four regions—North, South, East and West—it is found that the absolute prices of a vegetarian Thali have decreased significantly since 2015-16 though the price has increased in 2019,” the CEA’s report card said. “As a result, an average household of five individuals that eats two vegetarian Thalis a day gained around ₹10,887 on average per year while a non-vegetarian household gained ₹11,787, on average, per year.