Go for an“inclusive growth dividend” in India

Go for an“inclusive growth dividend” in India

A PDS ration shop in Ranchi. Several leading economists have suggested that India should adopt a Universal Basic Income as its main anti-poverty strategy, replacing existing welfare schemes with direct income transfers into bank accounts of beneficiaries(Diwakar Prasad/ Hindustan Times) India spends substantial amounts on welfare programmes but delivers them inefficiently. After accounting for administrative costs, leakage, and targeting errors, even official government documents estimate that a considerable fraction of fiscal outlays on government-implemented programmes do not reach the intended beneficiaries.

As a result, several leading economists have suggested that India should adopt a Universal Basic Income (UBI) as its […]

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