Writing on thRead, the blog of Indian newspaper The Hindu, Prashant D.P. presents the idea that a Universal Basic Income (UBI) in India, while favored by Arvind Subramanian, India’s Chief Economic Adviser, could have unintended consequences if implemented.
D.P. reasons that India’s previously poor would use a UBI to buy much needed resources, like nutritious food. The resulting demand increases would cause brutal price inflation, he writes, unless the chronically inadequate supply of those needed resources can be increased first.
See the full article:
Prashant D.P., “UBI | Pockets to fill, mouths to feed” (February 3, 2017)
