Taiwan’s universal cash handout: Its economic rationale holds a lesson for similarly placed India

Taiwan’s universal cash handout: Its economic rationale holds a lesson for similarly placed India

Third, cash is a complement, not a substitute. Taiwan sees transfers as a temporary rebalancing tool, not permanent entitlement. For India, unconditional cash must not replace structural reforms aimed at raising farm income, generating urban jobs, strengthening small firms and ensuring that productivity gains drive wages.

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