How Social Protection Systems Support Growth Process

Between 1997 and 2017, India’s per capita national income increased more than four-fold. The pace of poverty reduction accelerated, with a three-to-four-fold increase after 2000. To progress further, India needs a large, productive, and healthy middle class. This requires sustained expansion of good jobs, human capital, and equal opportunities. While India faces an exceptional task due to its size and diversity, it doesn’t have to tackle challenges posed by pursuing fast-paced economic transformation in isolation.

International Experience

International experience holds important insights, particularly on how strong social protection systems can support the growth process. Most G20 countries have increased expenditure ....