The Cost Benefit Ratio of Universal Basic Income: India’s Dream to Close the Poverty Gap
India is one of the fastest growing economies, with not only a large population, but also a serious poverty issue. According to The World Bank, in 2009 India’s poverty rate hit a high of 31%! Although it has decreased since then, the poverty rate is still quite significantly high. Generally most approaches to decrease poverty are rarely sufficient and cannot produce any significantly transformational results. Since India has evidently struggled to close the poverty gap, recently reports from the Indian government have expressed interest in creating a universal basic income. Universal basic income is an extremely uncommon approach that in theory distributes Continue reading The Cost Benefit Ratio of Universal Basic Income: India’s Dream to Close the Poverty Gap