Ideas to Action:

Independent research for global prosperity

Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Reducing Poverty in India with the Power of Digital Payments and UBI

Demonetization is yesterday’s news. The India of today is going full steam ahead towards a digital economy powered by financial inclusion, the mobile revolution, and Aadhaar—the biometric ID system that now covers 90 percent of its 1.3 billion population. And the social compact of the future will restructure subsidies and provide a basic income for the poor.

Demonetization Ushers in New Era of Digital Finance in India

It has been more than 100 days since the Modi government declared that the two largest denomination notes in India—the 500 and 1000 rupee notes—would no longer be accepted as legal tender. The announcement of “demonetization” had an immediate and sweeping effect on Indian households, which were no longer allowed to use the notes (outside of a few narrow exceptions) and were given less than eight weeks to deposit or exchange them.

Universal Basic Income: What Would Mahatma Gandhi Do?

Should India go for Universal Basic Income or not? This year's Economic Survey includes a thoughtful, cogent, and thorough discussion of the potential to replace India’s vast complex of subsidies and targeted in-kind benefits to the poor with a guaranteed cash transfer to all citizens.

To Scale or Not to Scale? Lessons from India’s Off-Grid Solar Technology Sector

Businesses working at the intersection of development and increasing shared value constantly find themselves navigating the question of whether or not they are having an impact. Impact, in this scenario, is defined by scale in number of customers (or beneficiaries) reached. Though the language may be fuzzy and the impact hard to measure, the question for any business working with those at the bottom of (or near the bottom of) the pyramid remains: to scale or not to scale?

India Prime Minister Enacts Bold Policy to Cut Down on “Black Money”

Prime Minister Narendra Modi’s announced a bold measure on Wednesday to reduce the role of unaccounted for cash or “black money” in the country’s economy by “de-monetizing” higher-denomination currency notes. The new policy bans the use of 500 rupee and 1,000 rupee currency notes. While this measure may have the positive (though potentially temporary) effect of forcing illicit activity out of the regulated economy, the process could be disorderly, with the poorest members of society bearing the brunt of the disruption.

A Win for India is a Win for the World: Why the United States Needs to Help India Clean up Its Coal

The Obama Administration has left an indelible impact on domestic energy policy and global climate policy. Policies driving technological innovation—in what critics have dubbed the “war on coal”—are helping the United States transition its energy system to one that is cleaner and more efficient. While the administration touts the growth of clean energy deployment in the United States at international fora, it should not limit its engagement with foreign countries on fossil energy—especially when the climate gains could be large. 

Opportunities for Pro-Poor Growth in South Asia

As China’s growth slowed in recent years, India surpassed it to become one of the world’s fastest growing economies. But can India sustain the pace, and will the rest of the region follow? Here's how South Asia can exploit today’s globalization opportunities more effectively.

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