India is not opposed to infrastructure development in the region, but it is concerned about the strategic implications of certain Chinese-led initiatives.
As New Delhi focuses on expanding its foreign policy ambitions, an opportunity exists for it to become an international leader in financial intelligence.
New Delhi should aim to become a leader in financial intelligence. But there are several things the central government needs to do before it can solidify that leadership.
The information and communication technology (ICT) sector has played an important role in India’s economic growth and the emergence of an informed citizenry.
The basic income conversation is alive and well in India, particularly in the wake of an analysis conducted by the Indian Ministry of Finance’s 2016–17 Economic Survey.
Far from what is needed to realize its ambitious vision, the Survey proposes a cash transfer with a dubious ability to compensate beneficiaries for the transition costs of moving to a new system, and one that would be financed by an indiscriminate culling of existing welfare schemes.
While there is much uncertainty about its final form, it is clear that the quest for universal basic income involves navigating the tricky waters of weak state capacity and the urgency of improving India’s existing welfare architecture.
Public debate around a universal basic income—periodic and unconditional cash payments to all citizens—has grown significantly after the 2016-17 Economic Survey outlined such a scheme for India.
Instituting a Universal Basic Income requires public support spanning demographic lines, executive backing, and strong macroeconomic fundamentals.
The idea of a universal basic income (UBI)—periodic and unconditional cash payments to all citizens—has gained renewed attention amid growing concerns about technological unemployment in advanced economies.