Nine out of 10 workers in India have no social security. Providing them the benefits will only improve productivity and profits
India’s industrial sector has blossomed over the past couple of decades, yet casual workers still make up more than 93 percent of the country’s workforce. That means they do not have any social security benefits such as provident fund or health insurance. Shifting informal workers into the organised sector is a gargantuan task and will take years. But for now, what’s the best way to provide Indian workers at least basic social security?
(This story appears in the 28 August, 2009 issue of Forbes India. To visit our Archives, click here.)