Question

Government incurs expenditure to popularize yoga among the masses. Analyse its impact in gross domestic product and welfare of the people.

Answer 1

The welfare of the people with the awareness of Yoga takes place in the following ways.
i) People will remain healthy in terms of physical fitness with a continuous practice of yoga.
ii) Yoga also help people to improve their mental, intellectual and emotional welfare.
Yoga by improving the welfare of people also contributes towards GDP in the following ways.
i) Healthy people contribute more towards production process which leads to increased quantity of goods produced in the economy and GDP will increase.
ii) Psychological balanced people will be highly efficient in providing their services to the people of the economy. Thus, services generated by them will increase and have a positive impact on GDP.