Vice Chairman of Niti Aayog Arvind Panagariya NITI Aayog Vice Chairman Arvind Panagariya is of the firm view that the country simply does not have the necessary fiscal resources for a Universal Basic Income scheme, a proposal being advocated by Chief Economic Advisor Arvind Subramanian. Subramanian will delve upon the possibilities of such a scheme in the Economic Survey which, if accepted by the government, could be an unprecedented decision anywhere in the world.
In an interview to The Indian Express, Panagariya said, “At the current level of income and our needs for investment in health, education, infrastructure and defence, […]
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