Every economy depends on care. It allows parents to go to work, supports older people and persons with disabilities, and helps families manage periods of illness or dependency. It takes place in homes, hospitals, childcare centres and communities. Increasingly, it is also being delivered through digital platforms, telehealth and remote monitoring. Yet care is still too often treated as a private household responsibility or a social expenditure, rather than as infrastructure that enables economies to function.
This difference matters across BRICS. These nations together account for approximately 49.5% of the world’s population and 40% of global GDP, and have much to gain from formalising a care economy that supports workforce participation and growth.
Around 2.3 billion people worldwide are projected to need care by 2030. Ageing population, urbanisation, migration, smaller households and changing family structures are increasing demand for childcare, eldercare, disability support and other services.
And when affordable and reliable care is unavailable, the responsibility falls on households, with women bearing a disproportionate share. Globally, 708 million working-age women are outside the labour force because of unpaid care responsibilities, compared with 40 million men. Women also perform more than three-quarters of unpaid care work and account for around two-thirds of paid care workers. But many paid care workers, particularly domestic and personal care workers, remain in low-paid or informal employment with limited access to social protection.