File photo of people waiting to get ration from a Public Distribution System outlet in village Khedla, Haryana Providing a Universal Basic Income to 75% of the population could require 5% of the GDP, while subsidies to the middle class already cost 3% of GDP, says the Economic Survey 2016-17
Positioning Universal Basic Income as an alternative to various social welfare schemes in a bid to reduce poverty, the Economic Survey today said UBI is a "powerful idea" whose time has come for serious discussion.
"The UBI is a powerful idea whose time even if not ripe for implementation is […]
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