The report makes a strong case for economic reforms, some of which, like UBI have divided economists, but increasingly found takers as some experiments with the idea have proven successful, albeit with limits.
A significant change in the labour market may be in the offing with the Prime Minister’s Economic Advisory Council flagging India’s income inequality and urban joblessness. Safety nets like an urban job guarantee scheme on the lines of MGNREGS, a minimum wage and a universal basic income (UBI) were suggested by the PM panel.
The report, titled “The State of Inequality in India” and prepared by the Gurgaon-based […]
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