School of Economics
Research paper- ‘Handloom Weavers Socio-Economic Condition’ – jointly published by MIT-WPU School of Economics faculty and student
A student and faculty from MIT World Peace University together published a research paper in the ‘TEST Engineering & Management Magazine’ which will go a long way in promoting research culture in the university. The paper is titled ‘Study of the Socio-Economic Conditions of the Handloom Weavers of Kota and Bundi District in Rajasthan.’ The paper is authored by Amit Chatterjee, Assistant Professor, MIT-WPU, and Neha Jain, B.Sc. Economics Scholar, MIT -WPU.
Handloom industry is one of the largest cottage industries in India. Being labor-intensive, it is the second-largest employment generator after agriculture in the rural sectors of the economy. The paper states that the handloom industry ‘s present status in India is disturbing, particularly the socio-economic conditions of the weavers. The study reveals that the weaver households in the survey regions had low standards and quality of living. The handloom weavers of Kota Doria were found to have extremely poor socio-economic conditions and various government schemes have failed to uplift the weavers ‘income levels.
The paper highlights that a characteristic feature of the handloom industry is the major contribution of women in the workforce. As per the Handloom Census conducted by the National Council of Applied Economic Research (NCAER) in 2010, the industry engages approximately 29.98 lakh women in a ratio of 3.5:1 against the males. Impressively, the composition of the SCs, STs, and the OBCs in the workforce is also significantly high; 10.1%, 18.1%, and 45.2%, respectively. Such attributes of the handloom industry make the study of the socio-economic conditions of the weavers important.
The research has also pointed out that about 90% of the workforce engaged in weaving occupation is uneducated, and the dropout ratio of the ones who have attended school is at an average of 66.67%. This places an emphasis on the handloom industry in terms of providing employment to unskilled and semi-skilled segments of the population.
The paper states that since independence, the government has initiated a plethora of schemes and policies for the welfare of the handloom weavers. However, despite such a vast array of initiatives and measures the budgetary allocation by the government to the handloom sector has seen a fall of about 34% from 2012 -13. Stiff competition from power looms is another leading cause for the industry ‘s downfall. The weavers also suffer due to the domineering presence of the Master Weavers who take the maximum share of the profits from the sale of these handloom products, leaving little to nothing for the small weavers. The wages earned by the weavers is even lesser than the prescribed minimum wage rates for the semi-skilled laborers by the government of India. The minimum wages for semi-skilled laborers in Rajasthan were revised to be ₹223 in 2018, giving an average monthly income of Rs 5798 at the least, which is still far greater than the average monthly income earned from weaving activities.
Mr. Amit Chatterjee
Research Paper by Prof. Amit Chatterjee from MIT-WPU School of Economics was published in IGI Emerald – USA (3rd Best Magazine in the field of Economics Worldwide) on the subject “ Depression Rate, GDP Growth Rate, Health Expenditure, and Voice and Accountability: Are there Co- Movements ?”
The study investigates whether depression rate has long run co-movements with growth of per capita GDP, health expenditure, and voice and accountability of the citizens for individuals as well as panels of four countries, USA, China, India and Bangladesh, for the period 1995 to 2016.
The Study reveals that individual country results do not produce acceptable and robust results, but the panel data results produce long run relations among the four endogenous variables. The Wald test results show that all the two lagged values of depression rate, growth rate, health expenditure and voice and accountability are making a cause to rate of depression in the current period. Further it reveals that the countries with higher per capita income like USA have higher rates of mental depression. Hence the claim of low income and un- equitable distribution of income being one of the discernible causes of mental disorder is not justified and even the high income countries with high volume of health expenditure and good governance in terms of voice and accountability can also lead to high magnitudes of depression rate. Like destitution makes unhappy in the long run. Hence the countries should emphasize on thinking whether more liberty should be provided to the people in terms of earning income, free voice, uncontrolled life styles, etc. so far as controlling mental depression rate being the target.
Research paper of Prof. Amit Chatterjee, Faculty of Economics, MIT-WPU and Nehal Jain BSc Economics Scholar MIT-WPU published in Scopus indexed at TEST Engineering & Management Magazine on “A Study of the Socio- Economic Conditions of the Handloom Weavers of Kota and Bundi district in Rajasthan”
Dr. Agamoni Majumder
Research Paper Published by: Dr. Agamoni Majumder in Springer’s Social Indicators Research.
Title: Compensation for Occupational Risk and Valuation of Statistical Life
This paper uses information on a sample of 430 blue-collar workers from different manufacturing industries of Ahmedabad, India to examine the influence of worker’s compensation on their wage and mortality rates. This relation has a direct impact on the value of statistical life (VSL) estimates which are used to evaluate various health and safety policies. The compensation benefit plays a significant role in a worker’s compensation package however it has not received much attention in previous Indian studies. The inclusion of the compensation variable not only raises the co-efficient of risk variables but also increases the value of statistical life and value of statistical injury (VSI) estimates. The result of this study indicates that trade-off between worker’s wages and compensation benefits exists for the workers in the sample. The estimated VSL that captures the effect of compensation benefit ranges between INR 30.27 million ($0.46 million) and INR 72.11 million ($1.10 million) while the estimated VSI ranges between INR 1.94 million ($0.029 million) and INR 2.82 million ($0.043 million). Besides, this paper goes further to study the rate of substitution between worker’s compensation benefit and their wage and finds that the benefit levels are sub-optimal.