Rahul's NYAY scheme could work but must not replace social spending: Expert

Using simple projections, a minimum income set at Rs 72,000 per year would cost about 1.3% of GDP and benefit the bottom 33% of households

The 10% reservation announced for economically weaker sections (EWS) by the Bharatiya Janata Party (BJP) government “may be usurped by the wealthiest”, while the minimum income guarantee announced by the Congress party could be “a game changer” provided it does not come at the cost of social spending, which is currently too low in India, a new report by The World Inequality Lab, a research organisation, says.

Economic inequality in India is at record high levels and the next government will have to seriously address this issue, “rather than just focusing