Eco 1 Assignment 2014/15 Sp Authentic Hockey Box Break

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Assignment English for Business Communication (BEGE-104)

Assignment Code: BDP/BEGE-104/TMA/2014-15

Max. Marks: 100

Note: Answer all questions

1 Read the passage carefully and answer the questions given below: Looking back, the common man and woman have been bit players in our histories, their role determined by statistics and crowds. It is only recently, particularly since the 1970s, with the rise of labour productivity and the knowledge economy, that the  political power of people has been accompanied with greater economic power. This shift in power has been especially significant in India. For a long time,

governments regarded the country’s population as its great liability. Vastly poor and illiterate, India’s people were ‘the great unwashed’, a burden not just for the country  but also a worry for the rest of the world. Today, however, India’s growth is credited to

its strength in human capital, and the rise of IT in India, for instance, is seen in terms of

‘Indian talent’, as entrepreneurs and workers overcame the barriers that existed in the

1990s to drive growth.

Our human capital has thus transformed from an albatross into India’s most significant

advantage. There is growing realization within our government that

India’s most

critical reforms will be those that impact that quality of our upcoming demographic dividend


 and it is consequently policies in education, health and labour laws that are receiving the closest attention.

India’s challenges in creating eno

ugh jobs have also already begun


 a large percentage of our labour force is now in the tenuous unorganized market, with its attendant frailties of seasonal employment and lack of social security. As more people join the workforce, the challenges of providing long-term employment will only grow. Our failure to create these opportunities can turn the dividend into a crisis. We have already experienced these problems through the 1970s and 1980s, when unemployment and the lack of income mobility for working-age Indians fed into criminality and extremist movements across India


 such as the extreme-left and extreme right. While these circumstances do not exonerate their actions in the least, these are signs of how economic bitterness can create high social costs. India will also need policies that address the balance of power for women in the workforce. The economist Abhijit Banerjee, who works at the Poverty Action Lab at the Massachusetts Institute of Technology, has emphasised that educating women is a very effective means of improving our social indicators, particularly those related to fertility and health. An educated woman, for instance, insists on educating her children,

which is why, as Abhijit notes, ‘when you educate a woman, you typically educate a family’. He points out how education would greatly empower women in participating in

the workforce, boosting a group that has long been under-represented in the Indian economy. Participation among women right now still stands at a low 31 per cent, and their

education would ‘enable us to tap into our pool of workers much more effectively’

. 1a

Why do you think, until recently, various governments regarded the country’s

 population as its greatest liability? 2 1b

What is India’s present growth due t

o? 2 1c List the problems faced by our labour force? 2 1d

What is meant by the term ‘human capital’?

2 1e According to the passage why do think it is important to educate women? 2 1f Suggest a title for the passage. 2 1g Find words from the passage which mean the same as the following? 8

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