This slide deck explores the basics of the concept of Social Security & Welfare State, complex web of welfare schemes in India & few comparisons with other countries. This presentation was made for the course "Public Finance: Theory & Policies" (ECON F34) taught at BITS Pilani.

1. Social Security Measures
& Welfare State
By Group 9
Nilesh Lahoty (2014B3A4656P)
Aditya Agarwal (2014B3A 723P)

2. Article 22, Universal Declaration of Human Rights
Everyone, as a member of society, has the right to social security and is entitled to realization,
through national effort and international co-operation and in accordance with the organization and
resources of each State, of the economic, social and cultural rights indispensable for his dignity and
the free development of his personality.

3. The State shall make itself responsible for ensuring a minimum
standard of material welfare to all its citizens on a basis wide
enough to cover all the main contingencies of life. In other
sense, social security is primarily an instrument of social and
economic justice.
Welfare State

4. Social Security
Objectives
1. Compensation
2. Restoration
3. Prevention
Categories
1. Social Insurance
2. Social Assistance
Traditional Contingencies under social security
International Labour Organization (ILO)
1. Medical care
2. Sickness benefit
3. Unemployment benefit
4. Old age benefit
5. Employment injury benefit
6. Family benefit
7. Maternity benefit
8. Invalidity benefit
9. Survivor’s benefit

5. Social Security in India: Need
●
●
●
●

6. Source: “India’s Social Security Systems : An Assessment” by Mukul G. Asher & Azad Singh Bali, March 2010.

7. ●
●
●
●
●
●
Social Security in India: Workers
●
●
●
●

8. India’s Social Protection Challenge
Government spending on Social Protection
2010-11 (as %GDP)
China Mexico USA GermanyPakistan Indonesia India Singapore
1.68 2.63 2.64
2.83
6.83
7.72

9. India’s Social Protection Challenge
Social Sector Spending
excluding food subsidy (as %GDP)
2012-13 2013-14 2014-15 2015-162010-11 2011-12
2.49
2.28
1.98
1.92
1.86
1.68

10. India’s Social Protection Challenge
Life Insurance Density (2013)
Insurance density is measured as ratio of premium (in US $) to total
population.
World Germany USA AustraliaPakistan Russia India China
6 19 41
110
366
1392
1684
2056

11. India and the World
●
●
●
●
●
India Ethiopis Morocco Russia Bangladesh

12. India and the World
IndiaBrazilChina
EgyptSouth Africa

13. ●
●
●
●
India and the World
●
●
●
●

14. Side-note:
Universal Basic Income

15. Thanks!
Aditya Agrawal Nilesh Lahoty