Syllabus: Indian Economy
Source: TH
Context: With automation and AI reducing job growth , the idea of UBI is gaining momentum globally, including in India. While some argue that UBI can address the lack of demand and rising inequality, others suggest that India’s focus should be on expanding social safety nets rather than a full UBI. What is Universal Basic Income (UBI )? It is a social welfare scheme that provides a fixed, unconditional cash transfer to all eligible individuals or households, irrespective of their income or employment status. The concept of Universal Basic Income (UBI) […]
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