Despite urban cities in India being hotspots of wealth and income, they continue to struggle with structural and service delivery challenges due to a lack of financial resources within the system.
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.
There is now an opportunity for India to take the lead on a global platform to combat money laundering and tax evasion–and for Modi to take his campaign promise forward.
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.
Several commentators have remarked that Universal Basic Income functions as a Rorschach test for the welfare state, given that it draws its support from a diverse ideological coalition that sees it as mediating their own preferred versions of an ideal society.