Wednesday, April 10, 2019

India’s social protection needs to be reshaped to address increased poverty vulnerability

OPINION: India, one of the fastest growing economies in the world, has a social protection system that may be outdated. Its social protection was founded in the 1970s, when half of the population was chronically poor, and most of them lived in rural areas. India’s economy has undergone a sea change during the last three decades. Increased investments in physical and human infrastructure, rapid urbanisation, young demographics and productivity-enhancing reforms have increased the pace of economic growth. India is urbanising at 100 times the pace at which the UK had urbanised, and the country’s urban population will soon reach 600 million people, twice the size of America’s. Read More