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Extremely unlikely because the Indian regime has been driving out people and investors. Indian nation runs on bioleninism as its founding mythos, there are demands of caste based affirmative action in private industries as the public ones are already beyond 70 percent effectively. Beyond the ludicrous taxes which will drive out anyone who is not stupid. The newest political gambit is offering women ubi in multiple different states by all parties. Only 2 percent of India pays taxes.
The likely outcome is more what is there already with euros pushing back more. The Indian state being stupid and most Indians choosing defect as the default will cause a real collapse. Each political faction here is hard left. You will see more Indians leaving for East Asia, the Middle East and maybe Lat Am too as this gets worse. The west is aspirational for most, people will happily live in squalor and die migrating illegally to go there.
Oof, even partial UBI in a third world country is crazy. Flailing state indeed. I'm not the most humanitarian person in the world but it's insane to advance all these high-end initiatives when child wasting is still such a big issue. They've got a space program, hypersonic missiles, plans for aircraft carriers... Fix nutrition and primary education first!
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