Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
India is attempting the biggest universal basic income experiment in history
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Tech
  • News & Analysis
  • India is attempting the biggest universal basic income experiment in history

India is attempting the biggest universal basic income experiment in history

tech2 News Staff • January 23, 2019, 17:35:21 IST
Whatsapp Facebook Twitter

Elon Musk & Mark Zuckerberg are two big names that endorse the idea of a basic income.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
India is attempting the biggest universal basic income experiment in history

The tiny state of Sikkim could make history very soon for hosting a massive economics experiment in providing each of its 610,000 citizens with a basic income. This will be the largest basic income experiment ever carried out, the Washington Post reported. A universal basic income is a routine assurance of a fixed income that the government guarantees to all its citizens, and unconditionally, through cash payments. These cash payments are aimed at replacing the dizzying array of financial assistance offered to citizens by state governments. If there’s one chance of it working somewhere, Sikkim is it, according to P.D. Rai, the only representative from Sikkim in the Indian Parliament. The state has a longer track record of successful initiatives than most other states, be it with the plastic ban, housing for all its citizens, and most recently, the first state to go completely organic and pesticide-free in agriculture. [caption id=“attachment_5947891” align=“alignnone” width=“1280”]Activists for a universal basic income install a giant poster in a public square in Geneva, Switzerland, in 2016, ahead of a referendum on the issue, which failed. Image courtesy: University of Toronto. Activists for a universal basic income install a giant poster in a public square in Geneva, Switzerland, in 2016, ahead of a referendum on the issue, which failed. Image courtesy: University of Toronto.[/caption] Sikkim may be a model state for multiple reasons but could be a terrible ‘sample’ for the nation’s population because of its remarkably different social indices. Thirty percent of the country that lives below poverty line (BPL) is not comparable to the 8 percent of Sikkim that lives BPL. The state also has a remarkably high literacy rate of 98 percent, according to reports_._ The country as a whole is looking at a literacy rate closer to 78 percent. Economists from around the world have pointed out potential flaws in the plans. While some have questioned the choice of cash instead of a food subsidy, others claim that a basic income would disincentivize work and reduce India’s workforce. While a decisive plan hasn’t been shared with the public, Sikkim plans to gather the money needed for the experiment by tapping into its tourism and power sectors. [caption id=“attachment_5947921” align=“alignnone” width=“1280”]Representational image. AFP Representational image. AFP[/caption] “In developed countries, the main purpose is to restructure or economize the existing welfare schemes, like unemployment benefits,” the University of California at Berkeley economist Pranab Bardhan told the Post of the experiment. “In low- or mid-income countries, like India, the rationale will be to address the minimum economic insecurity of a larger section of the population, not just the poorest, without touching the existing anti-poverty measures.” Elon Musk and Mark Zuckerberg are among the big names that have endorsed the concept of a basic income, the Post points out, but as a fix to cushion the economy from manned jobs becoming increasingly automated. However, actual experiments like the one in Sikkim have been very rare and limited in their scope. Ironic, considering the largest economic experiment of the decade is kicking off in India, a country much less wealthy than America or Britain.

Tags
India Sikkim Food subsidy Welfare Schemes cash payments SciTech Sikkim Economy
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV