IMF backs Universal Basic Income in India, serves Modi govt a political opportunity

Universal Basic Income, if implemented in India, can be a potent political tool for the Narendra Modi govt going into the 2019 Lok Sabha elections

Asit Ranjan Mishra

Updated13 Oct 2017, 10:38 AM IST

IMF CEO Christine Lagarde. IMF has made a strong case for India adopting a fiscally neutral Universal Basic Income by eliminating both food and fuel subsidies. Photo: Priyanka Parashar/ Mint — IMF CEO Christine Lagarde. IMF has made a strong case for India adopting a fiscally neutral Universal Basic Income by eliminating both food and fuel subsidies. Photo: Priyanka Parashar/ Mint(Priyanka Parashar/ Mint)

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