Rahul's income plan for poor may cost more than Budget 2019's subsidy bill

Congress' proposed minimum income guarantee scheme will reportedly require Rs 3.5 trillion at its peak

If fully implemented, Rahul Gandhi's proposed minimum income guarantee scheme, or NYAY, would cost more than Interim Budget 2019's total subsidy expenditure of Rs 3.34 trillion. Its envisaged annual outlay, at a reported Rs 3.5 trillion, would amount to about 1.7 per cent of the Budget's estimated GDP for 2019-2020 at Rs 210.07 trillion -- or about half of the fiscal deficit for 2019-2020 at 3.4 per cent of GDP.
 

Congress President Gandhi on Monday said that if his party were to come to power at the Centre, it would provide a minimum income of Rs 6,000 per