"People in a market-driven economy will spend more on private education and healthcare if their income is increased if the state grants them an amount as a minimum income,” Amartya Sen said.
(Written by Anamni Gupta)
Noted economist and Nobel laureate Amartya Sena on Sunday said implementing universal basic income (UBI) in India could lead to more privatisation as people would spend more on private education and healthcare.Sen, who was the chief guest at the first Ashok Rudra Memorial lecture on ‘Universal Basic Income as part of the Right to Minimum Economic Security’ organised by the Department of Economics […]
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