Spend on pension, care

India’s older population has trebled since Independence and is now significantly at 100 million. But the number of people over 65 years is about to double in 25 years. It is likely to affect India’s economy much more than the demographic dividend we reap today if we do not reform the health sector.

The proportion of the population aged 60 years and above was 7 per cent in 2009 and was projected to increase to 20 per cent by 2050. In absolute numbers, the elderly population in 2013 was approximately 100 million and is expected to. . .

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