The UNFPA India Ageing Report 2023 highlights that by 2050, seniors will comprise 22% of the global population, with India witnessing a sharp rise in its elderly demographic, projected to reach 347 million (20.8% of the total population). Meanwhile, Deloitte estimates that senior citizens’ spending in India will exceed USD 1 trillion by 2030.
This rapidly growing demographic presents both challenges and opportunities. It underscores the urgent need for tailored policies, robust services, and innovative solutions to enhance the quality of life for seniors.
