The proposal of UBI suggests providing an estimated 0 to 0 yearly income for the majority of Indians, which could be equivalent to about 4% to 5% of India’s gross domestic product. Noting that social welfare programmes of the government were not very effective in reaching the target citizens of the country, chief economic adviser Arvind Subramanian on Friday advocated a Universal Basic Income (UBI) for India. Delivering a lecture on the Economic Survey 2016-17 at the Indian Institute of Management, Ahmedabad (IIM-A), Subramanian said the idea had been gaining ground both in India and internationally, and the world […]
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