India’s shift towards direct benefit transfers (DBTs) is on the fast track. According to official statements, in the 2015-16 fiscal year the central government deposited nearly $5 billion of subsidy and welfare payments directly into the bank accounts of 300 million beneficiaries. It has also set an ambitious target to transfer all payments to the Aadhaar-based biometric DBT platform by the end of 2017. This will surely be the greatest subsidy reform in the world, but we need more data to accurately evaluate its impact.
Views from the Center
Global Development: Views from the Center features posts from Nancy Birdsall and her colleagues at the Center for Global Development about innovative, practical policy responses to poverty and inequality in an ever-more globalized world.