UNIVERSAL BASIC INCOME AT THE BOTTOM OF THE PYRAMID: ACHIEVING SDGS THROUGH FINANCIAL INCLUSION IN INDIA

Authors

  • Arindam Chakrabarty

Keywords:

Universal Basic Income(UBI), Bottom of the Pyramid, Human Development Index (HDI), Sustainable Development Goals (SDGs), Financial Inclusion, India

Abstract

According to UNDP -Human Development Index (HDI) Report 2018, India ranked very poorly with 130 out of 189 nations of the world. This reveals that a considerable proportion of population is underprivileged, marginalized and deprived of basic resources i.e. food, drinking water, electrification, education, health etc. The rapid economic growth witnessed in India is not balanced and holistic as the dichotomous experiences fails to justify this growth episode. India has been suffering from poverty, hunger, lack of basic health and education and many other socio-economic menaces. The co-existence of such imbalance is the real irony of our economic development. Poverty is a multidimensional approach which may be the outcome of the dynamics in social, economic, and political ecosystem by virtue of which an individual is unable to meet the basic needs like food, clothe and shelter. The ‘Universal Basic Income (UBI)’ has become popular construct in recent past in India. The UBI is borrowed from the scholars of the west which may be manifested in India to enhance ‘Financial Inclusion’. In fact, higher financial inclusion has been the prerequisites to achieve the Sustainable Development Goals (SDGs) by 2030. This paper has attempted to understand the idea of UBI, and determine the rates both for rural and urban population of India. This study explores how UBI may influence on the agendas of SDGs. This research is empirical and developed based on secondary information.

Author Biography

Arindam Chakrabarty

According to UNDP -Human Development Index (HDI) Report 2018, India ranked very poorly with 130 out of 189 nations of the world. This reveals that a considerable proportion of population is underprivileged, marginalized and deprived of basic resources i.e. food, drinking water, electrification, education, health etc. The rapid economic growth witnessed in India is not balanced and holistic as the dichotomous experiences fails to justify this growth episode. India has been suffering from poverty, hunger, lack of basic health and education and many other socio-economic menaces. The co-existence of such imbalance is the real irony of our economic development. Poverty is a multidimensional approach which may be the outcome of the dynamics in social, economic, and political ecosystem by virtue of which an individual is unable to meet the basic needs like food, clothe and shelter. The ‘Universal Basic Income (UBI)’ has become popular construct in recent past in India. The UBI is borrowed from the scholars of the west which may be manifested in India to enhance ‘Financial Inclusion’. In fact, higher financial inclusion has been the prerequisites to achieve the Sustainable Development Goals (SDGs) by 2030. This paper has attempted to understand the idea of UBI, and determine the rates both for rural and urban population of India. This study explores how UBI may influence on the agendas of SDGs. This research is empirical and developed based on secondary information.

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Published

2019-11-21

How to Cite

Chakrabarty, A. (2019). UNIVERSAL BASIC INCOME AT THE BOTTOM OF THE PYRAMID: ACHIEVING SDGS THROUGH FINANCIAL INCLUSION IN INDIA. ADMINISTRATIVE DEVELOPMENT: A Journal of HIPA Shimla, 6(1), 119–141. Retrieved from https://qtanalytics.in/journals/index.php/HIPA/article/view/439

Issue

Vol. 6 No. 1 (2019): Administrative Development " A Journal of HIPA, Shimla"

Section

Articles

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