A social compact is an agreement among the members of a society to cooperate for social benefits, for example, by

sacrificing some individual freedom for security. Generally, globalization is viewed as the most efficient process to
ensure a nation's economic growth. Most countries of the world have opened their markets to allow free trade and
have allowed free flow of capital, which has led to lending a deaf ear to their own citizens' rights and needs who
ultimately became the losers of the phenomenon called globalization.

Reconstruction of the current social compact at home would mean that the government should make sure that
people do not lose their fundamental and vital rights in pursuit of a decent livelihood due to globalization. It would
mean redistribution of the economic benefits towards the marginalized and disadvantageous sections of society who
lose their livelihoods due to globalization. The government policies need a rebalance to ensure free trade and
people's economic and social welfare.

The first step to redistribute the gains of globalization is to allow for the cross-border entry of labour. Developed
nations should shed their protectionism and embrace the true spirit of globalization. The Indian government should
formulate robust labor laws and oblige constitutional principles. It should enforce the international labor treaties
such that their rights are not exploited. Recently, India withdrew from RCEP Agreement as it doesn't address the
mobility of labour. Trade agreements should not be the labor exploitation instruments and dumping of cheap goods
by some advantageous nations. Indian government can pressurise the ILO if the developed nations are not agreeing
to the contracts. Skill India Initiative address the lack of skills and upgradation of skills of public. There is a need of
robust Social protection scheme.

Foreign firms entering India as a part of the Make in India Initiative should respect the labor laws and try to make
globalization equitable. Government should incentivize the businesses to increase the formal employment.

The next step is to improve the status of public health. In India, the out-of-pocket Expenditure is the highest among
the major economies. The ratio of health personnel to one lakh population is dismal in number. Health infrastructure
like PHCs, hospitals, medical colleges is not proportional to the population.

The government should demarcate 3-3.5% of GDP for health expenditure. India needs to update its health policy and
implement the recommendation of licensed medical practitioners. It should act as more of a facilitator and less of a
regulator to improve India's vaccine research. It can incentivize the firms to develop novel ways for orphan drug
development and improve the nutritional needs of the people. Ayushman Bharat, Mid-day Meal scheme,
Fortification of food, PM Bhartiya Janaushadi Pariyojana, Ayush Practitioners are some of the government's
interventions in the Health sector. Devolution of power and responsibilities to the districts and municipalities should
be done. Businesses need to step up and efficiently produce the medicines and at affordable rates. They should stop
evergreening the patents and make generic drugs available to the needy.