The Universal Basic Income, which is currently being debated in India, will outperform the Public Distribution System (PDS) in terms of coverage, progressivity and generosity, the IMF said on Wednesday.
The International Monetary Fund (IMF) said its observation is based on the results of a microsimulation exercise is conducted in India.
In its annual Fiscal Monitor report, the IMF carried a special box on the results from the microsimulation analysis of a policy reform that replaces food and fuel subsidies in India with a Universal Basic Income (UBI).Noting that the need to reform existing subsidy programmes in India has recently gained […]
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