Universal Basic Income (UBI) is a viable solution to eradicate extreme poverty in India. Critically discuss the statement.
Main Body
According to World Bank, absolute poverty in India decreased (as per 2.15$) poverty. However as per MPI of NIT still 10.6% poverty exists. The UBI in this context becomes an imperative. UBI as a viable solution: Diagram showing UBI with branches for: individual, consumer/regular/periodic, universal, unconditional Features of UBI:
2. It helps in driving demand so it reduced the pressure of not able to spend on non-food items. 3. Gives choice to the individual help make choice for our needs rather than marginalize be. 4. Going beyond relative poverty measures ensuring fee pool. 5. This is non-discriminatory no fears of inclusion-exclusion error. 6. Targeting is easier universal give periodic income. 7. Gives periodic income reduces income insecurity especially among those vulnerable even low salary govt. 8. Gives additional source of income augments the INCOME.
Issues with UBI: (1) Will lead to parasite conditions i.e. con deedsm (2) Will lead to increase in labour wages especially in agriculture manufacture. (3) Trickle health impact RBI Report highlight dangers of fiscal discipline. (4) Wastage leakage as is universal reduces scope for (gyse/rm elu) (5) Reduces the scope for (gyse/rm elu) WAY FORWARD: 1) Targeted instead of universal 2) equalities approved proj avasrya can As the Chinese proverb goes, give a man a fish, you feed him for a day, teach him to fish, you feed him for life. other avenues beyond UBI need to be looked
Conclusion
As the Chinese proverb goes, give a man a fish, you feed him for a day, teach him to fish, you feed him for life. Other avenues beyond UBI need to be looked
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Diagram
Mind map showing UBI at center with four branches: individual, consumer/regular/periodic, universal, unconditional
KIRAN KAMATE
Issues relating to Poverty and Hunger
Poverty and Malnutrition
Universal Basic Income
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Total words
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Paragraphs
analytical
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