LUCKNOW: Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday dismissed the idea of Universal Social Security, saying it will create a ground for “perverse incentives” for people and dissuade them from seeking income-generating opportunities. He said the concept of Universal Social Security is not favourable for developing countries like India which need to focus on economic growth to take care of the aspirations of its people. “For our country, when natural economic growth should take care of many of the aspirations, it (Universal Social Security) may not be necessary. We may be creating the ground for perverse incentives for people to not make their own effort in seeking such opportunities. So therefore, Universal Social Security for India is not something that should be on the agenda in the near term,” he said at an event here.