Demonetization, Digital Identity and Universal Basic Income – How Big Ideas Are Changing India and What it Means for the World
According to The Economist, India's proposal to give every citizen a cash transfer using the digital platform Aadhar could reduce absolute poverty from 22 percent to 0.5 percent. For a country that is home to a third of the world's poor, could Universal Basic Income (UBI) fundamentally change the picture of poverty, health and well-being in India and the world?
At the same time, removing 86 percent of the cash circulating in a cash-heavy economy had a sudden, negative impact on India’s growth rate. Almost six months – and a major regional election – later what are the lasting effects of demonetization? Is a cashless society in the future?
The architect of India’s annual Economic Survey, Chief Economic Adviser Arvind Subramanian - a CGD senior fellow currently on leave – returns to the Center to discuss the big policy ideas making a dramatic mark on India’s economy, and what they could mean for the world.
|..Economistindia.net and EconomistBangla.com and EconomistRefugee.com welcome you to the hitchhikers guide to the oceans Belts and Continents railRoads/pipes/cables etc -bottom up solutions need replicating through communities as digital leapfrog collaboration permits what half a millennium og mercantile colonisation never could celebrate - health is the most fundamental service of girl empowerment communities - so special thanks from girls to health servants like Brilliant, Kim ,Sir Fazle and universal health id network of Nilekani. |
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GOAL 1 - ending poverty begins with ending the lottery- current odds about 1 in 4 - that the next girl born will have next to no chance of a decent livelihood- mostly this results from history's era of colonisation which spiralled over 5 centuries 16th to 20th as a few monetarily large nations (about tenth of peoples) decimated the economies of others; it wasn't really to 1972 that one of 10 most populated ex colonial nations bangladesh started today's benchmark solution to ending rural poverty- born as a new nation bangladesh had next to zero taxes to govern social solutions with but unlike other colonies its 2 most extraordinary economists went the villages to live and learn with the poor- and to see how partnering with foreign assistance bottom-up girl empowered communities could build - the greatest case of Entrepreneurial Revolution since journalist records began in 1968. Consider Bangladesh's grassroots networking involved 25 years of no electricity and no digital development follows by partnering tech companies with experiments since 1996 today economistpoverty benchmarks solutions at brac and bkash and since april 2018 chinese greatest fintech for small enterprise have joined in these partnerships so that sino-s asia is the space to celebrate girl empowerment and every extreme solution to goals 1 to 17 .. those who wish to end poverty in old cities of big nations might start linking ted leonsis 1 2 Asia's SDG advocates 1 2 hail from : India: Dia Mirza 1, Qatar Sheikha Moza 1, China Jack Ma, Iraq Murad