Cost Of Living 2024 Social Security Increase In India. It's a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday.

Social security rate in india is expected to reach 24.00 percent by the end of 2024, according to trading economics global macro models and analysts expectations. Social welfare allocations in the india’s budget have lagged behind promises for a decade.