Universal Basic Income shoots in the wrong direction

Universal Basic Income shoots in the wrong direction

The latest Economic Survey released this month introduces public debate on a radical new idea: the proposal is to roll out Universal Basic Income (UBI) across India – a guaranteed minimum income for all individuals (or, as the Economic Survey concedes in the Indian context, at least 75 per cent of the people).

The survey points out that a basic income scheme would help plug leakages in India’s byzantine welfare system, replacing most targeted schemes with a basic income that would allow citizens avail those goods and services for themselves.

This makes some economic sense. A basic income scheme would be […]

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