The total cost of providing universal basic income to all Indians would amount to 12.5% of GDP. Photo: Mint The persistence of high inequality and the prospect of job losses owing to automation in the advanced world has led several advanced economies to consider the idea of a universal basic income (UBI) to guarantee their citizens a minimum level of income support.
The same idea seems to be gaining favour among a growing number of economists and policymakers in India, but for different reasons. One of the key themes of the economic survey this year is likely to be UBI, […]
Full Post at www.livemint.com