This is a welcome step. As quoted above from Mahatama Gandhi “What is really needed to make democracy function is not knowledge of facts, but right education.” Besides providing theoretical knowledge, education should also teach life skills including vocational skills that can be used for making living.
Different economists have explained the reasons for this paradox in different ways. Some gave the concept of scarcity, some talked about marginal utility and some enumerated the concept of demand and supply.
World Resource Institute has concluded that India is facing the worst water crisis in its history. More than 600 million people are facing acute water shortages. Critical groundwater resources – which account for 40% of our water supply – are being depleted at unsustainable rates.
These kinds of rainfall shocks will affect farms, firms and families. Farms are the largest consumer of water in the world. Due to climate change we are experiencing declining yields in agriculture. The next major consumers are the firms.
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