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This debuted in The Economist in 1986 and has been a popular albeit farcical method of making a certain comparison. It appears annually, though it is updated several times a year. This year, India appears in the list for the first ever time, but the results must be taken with a pinch of salt, since the Indian version isn’t the same as it is elsewhere.

There have been calls to try out other objects, but so far, this has been resisted. However, this year, The Economist collected the source data via crowdsourcing and not, as it were, from the cow’s mouth.

What is all this about?

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In Jan 2017, Finland became the first country in Europe to officially experiment with this socio-economic concept. Similar experiments are scheduled for many Dutch cities and the Canadian city of Ontario in 2017. In the case of Finland, the figure is 560 Euros a month. What concept?

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