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Even if GDP growth rises in India, there will be growing inequalities unless there are strong policies aimed at the uplift of the vulnerable sections and the rich are taxed in an efficient and judicious manner. There should be some insurance against unemployment and sickness which will enable low income families to live with dignity.
At least 4 billion people around the world are yet to be covered by any form of social security, and therefore vulnerable to economic, social, and environmental shocks. This paper examines the state of social security in the Group of Twenty (G20) economies—home to 63 percent of the global population. It finds gaps in social security financing in these countries: between universal coverage and actual coverage, and between countries of the Global
