2024 Cost Of Living Increase Social Security In India. Increased payments to 7.5 million ssi recipients started december 2023. This increase becomes effective in december 2024, with the first check reflecting the new amount.

Social security rate in india is expected to reach 24.00 percent by the end of 2024, according to trading economics global macro models. In order to ensure that recipients of social security maintain their purchasing power in the face of rising costs, the cola is an.