A rural scene in Sakti Valley in India. Photo by: Axel Drainville / CC BY-NC The World Bank Spring Meetings , framed by transformations in development finance, kicked off with a quiet side event detailing how India could virtually eliminate poverty from its shores in one fell economic policy swoop.
The country, which contains roughly one of every three poor people in the world, is exploring the possibility of implementing a universal basic income, which would see Indian states, or the federal government, deliver regular digital payments to Indian citizens.
Some estimates suggest a country-wide universal basic income could reduce India’s […]
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