2024 Social Security Increase Projection In India. Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries. The fastest uptick in the prevailing inflation rate in four decades led to a 5.9% cola in 2022, 8.7% cola in 2023, and 3.2% cola in 2024.
Current estimates suggest a 2.57% cola increase for 2025, which would add approximately. India’s gdp grew 8.15% yoy over fiscal 2023 to 2024, with a sharp growth of 7.8% in the fourth quarter of 2023, beating the government’s second advanced estimate of 7.6% and.