Mitra analyzes India's minimum income proposal in the Indian Express
April 9, 2019
The Indian Express
In his article titled "A minimum framework," Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, examines India's proposed NYAY (Nyuntam Aay Yojana) scheme, the most recent iteration of a Minimum Income Guarantee. "At this point, the policy, that has been presented, is bare bones," says Mitra. "The details have to be worked out by taking a very hard look at the numbers. For those who might totally dismiss such a scheme, by saying that it amounts to socialism, let me remind them that many believers in the power of markets, including myself, have throughout been in support of cash transfers as the least distortionary method of redistribution and fighting poverty." The article was published in the Indian Express. 04/09/19
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