Will Universal Basic Income lead India to a Demographic Disaster

Commerce

Second National Level Interdisciplinary Seminar on "Exploring Emerging Trends and Innovation in Research in Commerce, Science & Technology, Humanities and Social Sciences”

India is in the sweet spot of a demographic transition, where the share of the working population is expanding and can enhance economic growth. The key to India’s demographic dividend lies in its human capital. Employability needs to be increased by improving education talent skill. To encash its demographic dividend it’s time to influence its people for long term, economic accomplishment and richness of the nation. More than fifty percent of India’s population is younger than the age of 25 and the entry of this group into the working population over the next few decades is a challenge to provide employment. Government of India has announced Universal Basic Income as a radical option of entering policy consciousness with the idea to guarantee each individual a minimum income which provides the necessary material foundation for a life with basic amenities. The focus of this paper is to find whether it is feasible for India to be successful in this initiative or will it reduce the incentive to work and become a demographic disaster

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