Economy Why Universal Basic Income may not be a good idea for India Updated : January 31, 2019 11:00 AM IST For developed countries, the scheme is simply to fix the hurdles which are blocking the economy to achieve optimal growth. But when it comes to implementing UBI in a developing country, like India, it's a different ballgame altogether. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.