The idea and rationale for a Universal Basic Income (UBI) scheme for India has finally found a mention in this year’s Economic Survey 2016-17, albeit as a topic for discussion only. The section on UBI has provided an explanation for the concept, its various benefits as well as challenges.
Globally too, the concept has attracted greater attention in recent times driven by the anticipation that technological disruption (robotic automation and artificial intelligence, others) would cause mass unemployment (extensive job losses) globally and especially in advanced economies. Hence, governments across countries are deliberating the option of UBI to provide citizens a […]
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