What are the implications of increasing MGNREGA wages to ₹400 per day?
Discuss the potential impacts of raising MGNREGA daily wages to ₹400.
- Increase in rural purchasing power, leading to economic growth.
- Potential reduction in poverty levels due to higher income for rural households.
- Likely boost in rural consumption, benefiting local businesses and industries.
- Possible increase in savings and investments among rural workers.
- Improved living standards and quality of life for MGNREGA beneficiaries.
- Enhanced rural infrastructure development as more workers may participate in the program.
- Possible inflationary pressures if wages increase without a corresponding increase in productivity.
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a month ago