Validating the Need of Social Welfare State in 21st Century

Abstract

The Indian Economy is under severe pressure for the last ten years. The reduction in demand for goods and services, and at the same time policies of the Government to create demand-driven economy results in the demand for goods being majorly restricted to the necessity and need. The demand for products and services for the improvement of the standard of living is restricted nearly among 70% of the population. The policies of the Government lead the situations towards the suffering by the orphanage, superannuated people, and that results in the productive population (between the age of 19 to 55) suffering a loss. These changes will largely determine and strongly suggest to move towards Social Welfare State, in the nearest years, to maintain the productivity of the country in the longer term. Such Indian cataclysms usually re-shape recently established trends, turning them into socially beneficial levels