Universal Basic Income Policy for Gender Symmetrical Economic Approach


Authors : Dr Shobana Nelasco; Antisha Nigam; Sunidhi Goyal

Volume/Issue : Volume 6 - 2021, Issue 10 - October

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3nB1z9E

Indian society has been exposed to industrialisation, social transformation, agricultural modernisation and economic development, urbanisation and rapid industrialisation and globalisation. However, these processes have generated regional imbalances, sharpened class inequalities and augmented the gender disparities. All these have adversely affected the various aspects of women status in contemporary Indian society. We continue to witness caste and religious conflicts which are directly affecting the status of women. The sexuality of women is related to honour through the Racist Indian Caste system and through Religious Atrocities. Universal Basic Income will bring a great solution for this gender inequality. Gender inequality has resulted in constraints towards possible growth opportunities, so as to attain Sustainable Development Goals of developing economies. Female participation in work is restricted by multiple means of religious and cultural atrocities. Hence Universal Basic Income will facilitate the females to enhance their bargaining in the open market. Hence investing in females will act as a stimulus for economic development. But transferring money to women makes them looked down again by the parallel genders. Hence Universal Basic Income alone can be a solution for empowering them so that their labour is used fully for an elevated cause.

Keywords : Social inequality, Gender Empowerment, Universal Basic Income, Gender gap.

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