Where’s the Money? Businesses Spooked by Rahul Gandhi’s Guaranteed Income Plan

Politics

New Delhi: Congress party’s promise to introduce a minimum income guarantee for the poor if it wins power in the general elections, has alarmed some big and small business leaders who are now asking: Where will the money come from?

The programme – which would be one of the world’s biggest schemes for poor households, supporting around 300 million people – has yet to be finalised.

But already some business organisations say they fear the tens of billions of dollars it would be expected to cost will mean higher taxes and reduced spending on badly needed infrastructure such as roads and railways.

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