ISSN: 2265-6294

Social Security Act of 2020: A Significant Step towards Universalizing Social Protection for India's Working Class Social Protection as a Prerequisite for Sustainability Development

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Riya Gupta

Abstract

The World Population Review predicts that India now has more people than China. India needs a strong universal social security system. Future pandemics like COVID-19 and lockdowns require strong social security systems. Social security underpins India's progress. India's social security covers many social insurances. Organized sector workers have had social protection since 1947. Social security for the unorganized sector has been unofficial. Indian labor has traditionally been informal. Some of these workers are unprotected or partially protected by social security and other job benefits. Many of these workers are exploited. 90% of Indian workers are informal, contributing 50% of GDP. India's vulnerable unorganized sector has suffered the most and continues to suffer. COVID-19 is the worst humanitarian crisis since WW-II. Both organized and unorganized workers require social security. Post-pandemic recovery relies on daily wage employees, independent contractors, street vendors, and others. Unprotected workers need a statute to join Social Security. The Indian government immediately helped the aged, destitute, and needy. EPFO settled 161 lakh COVID-19 nonrefundable advance claims and disbursed Rs. 36,233 crores. During this extraordinary pandemic, these policies should be implemented. Most informal workers lack social security. Formal social security coverage for more people is essential. Global social security is the only choice. Social security programs discourage specific worker groupings. One of the biggest barriers to informal sector social security is public distrust.

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