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A well-designed Universal Basic Income (UBI) could be an effective way to address poverty and inequality. Analyse.

Topic: inclusive growth and issues arising from it.

5. A well-designed Universal Basic Income (UBI) could be an effective way to address poverty and inequality. Analyse. (250 words)

Difficulty level: Moderate

Reference: Live Mint

Why the question:

The article discusses the concept of Jan Dhan 2.0, a potential evolution of the Jan Dhan Yojana scheme in India, and suggests considering the implementation of a Universal Basic Income (UBI) in the country.

Key Demand of the question:

To discuss the concept of Universal Basic Income (UBI) as a social welfare policy and assess its potential implications for poverty reduction and economic development in India.

Directive word: 

Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.

Structure of the answer:

Introduction: 

Begin giving context and defining the concept of Universal Basic Income (UBI)

Body:

First, write about Universal Basic Income (UBI) and its key features. Discuss the rationale behind implementing UBI, including its potential to alleviate poverty and provide a safety net to citizens.

Next, write about the challenges of UBI implementation in India and potential implications of UBI on economic growth and development, including its impact on the labor market and government finances.

Conclusion:

Conclude by presenting a balanced view on the feasibility and desirability of implementing UBI in India.