An Indian customer holds a twenty rupee note at a food stall in New Delhi The Indian government has endorsed universal basic income (UBI) in an annual report.
UBI is a “powerful idea” and would be more effective at combating poverty than existing state benefits, according to the country’s 2016-2017 Economic Survey.
However if it were implemented now political challenges could "derail" UBI before it got off the ground, the survey found, suggesting the country is not yet ready for the scheme.Introducing UBI, which would cost India around 4 to 5 per cent of its gross domestic product, is not expected […]
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