Can India universalize social insurance before its demographic dividend ends
Bibliographic Data
| ID | 12549445 |
|---|---|
| Authors | Santosh Mehrotra (0000-0002-0098-8050, Centre for Development Studies, University of Bath, UK, corresponding author) |
| Year | 2023 |
| Volume | 29 |
| Issue | 1 |
| Pages | 134-153 |
| Publication date | 2023-10-30 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860.2023.2264645 |
| OpenAlex | W4388020637 |
| Language | EN |
| Citations received | 1 |
| References cited | 9 |
About 91% of India’s workforce of 520 million is informal, lacking social insurance. However, this paper finds the Social Security Code 2020 wanting, but with potential for universalizing social insurance. The paper spells out the principles that should guide social insurance for informal workers; and presents the design and architecture for extending coverage. It shows how realistically, over the next 10–15 years, social insurance could cover the entire workforce, in accordance with ILO Conventions. It also estimates the fiscal cost of social insurance, for the first five years, and spells out the political economy, fiscal and administrative challenges to universalisation
Actuarial science · Business · Dividend · Economic growth · Economics · General insurance · Insurance policy · Market economy · Political science · Politics · Social insurance · Social protection · Social security · Workforce · Employment and Welfare Studies · Global Health Care Issues · Migration and Labor Dynamics · Finance
| Citations per year | 1 |
|---|---|
| Citation span | 2025 - 2025 (1) |
| Highly cited | No |