development, India, UID

IMF sees substantial savings from UID

Direct cash through Aadhaar to save 0.5% of GDP for India: IMF (New Indian Express)

Integration of direct cash transfer with Aadhaar will take time but the scheme will help Indian government save 0.5 per cent of the GDP, International Monetary Fund (IMF) said on Monday.

“… the total savings could be substantial: if the combination of direct cash transfer and Aadhaar eliminates the estimated 15 per cent leakage cited above for the programmes being integrated, savings could total 0.5 per cent of GDP in addition to the gains from the better targeting of spending on the poor,” the IMF said in a report.

That may be an undersetimate.

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