Arvind Subramanian raised the idea of paying a small sum to every adult and child, regardless of their wealth, in India's Economic Survey 2016-17, an annual document released by the ministry of finance.
It would guarantee that all citizens would have enough to cover their basic needs. Proponents argue it would also be easier to administer than the current anti-poverty schemes, which critics say are plagued with corruption.
“I can bet ... within the next two years, at least one or two states will implement UBI,” Mr Subramanian said, according to The Times of India.
Critics of universal basic income have argued that the free money would be spent on things like alcohol or gambling.
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