Facts for Prelims (FFP)
Source: Business Line
Context: Shanti Raghavan, the recipient of the Business Line Changemakers Award in 2020, leads the organization EnAble India. They are working on creating a ‘purple economy,’ which promotes disability inclusion and job opportunities on a large scale.
What is the Care Economy?
It refers to the economic activities related to providing care and support services, often in healthcare, childcare, elderly care, and other areas aimed at improving people’s well-being. It encompasses both paid and unpaid care work and is a critical aspect of social and economic development.
What is Purple Economy?
The purple economy is an economic order that focuses on the sustainability of caring labour. It’s an alternative vision that complements the green economy. The purple economy aims to:
- Organize the system around the sustainability of caring labour
- Address the inequalities created by the disproportionate reliance on women’s unpaid and underpaid labour
- Contribute to sustainable development by promoting the cultural potential of goods and services
- Contribute to a richer and more diverse cultural environment
Examples of the purple economy include Digital, Tourism, Luxury goods, and Housing.
