One of the biggest countries in the world is coming closer to implementing one of today’s buzziest ideas in economics: Universal basic income. Or at least a version of it.
Speaking at the World Economic Forum, which is being held this week in Davos, Switzerland , Amitabh Kant, an Indian economic official, said the country is seriously considering a plan in which the government would hand out free money to about 20 million Indian citizens.
The Indian government is reportedly close to releasing a formal report on the new basic universal income proposal, which follows India’s small 2011 trial of universal […]
Full Post at fortune.com