Economic Survey makes a spirited pitch for a universal basic income. (PTI) India is one of the most unequal countries in the world. In terms of Gini coefficient, i.e., measure of income inequity, India ranks a dismal 135 out of 187 countries. This means that most of the prosperity that an increasingly economically liberalised India is seeing, belongs primarily to the top-income percentiles. One in every five Indians lives on less than $2 a day. When India grows by 7%, one slice of the population sees double digit growth, while a big chunk of the populace may be facing […]
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