Subsidy payout via Aadhaar accounts can save 1.2% of GDP: UBS Securities

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SummarySavings in different scenarios could be from 0.2-1.2 percent of GDP, depending on the schemes targeted, UBS Securities report said.

per cent of GDP for the Centre and states, and has inherently high leakages due to inefficient and arguably corrupt distribution machinery, which has led to intended users not receiving the benefits, the report said.

The beneficiaries of current leakages are the middle/high- income classes.

Plugging these leakages through DBT may thus adversely impact discretionary consumption and we remain underweight on that, it said adding direct beneficiaries of DBT may be fertiliser companies, and government oil companies.

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