A Minimum Income For Every Indian? Arvind Panagariya Warns India May Not Have The Fiscal Resources To Do So

A Minimum Income For Every Indian? Arvind Panagariya Warns India May Not Have The Fiscal Resources To Do So

Adnan Abidi / Reuters India is toying with the ambitious and radical idea of a universal basic income which proposes to pay a certain income amount – in cash or in kind – to every single citizen regardless of willingness to work or any other pre-condition. However, NITI Aayog Vice Chairman Arvind Panagariya, has warned that the country simply doesn’t have the fiscal resources to pay for such a massive exercise.

Panagariya told the Indian Express that the sum that would be required to pay every Indian at even the current poverty line rates cannot be matched by the country’s […]

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