India's Aging Population: Policy Options and Programmes
Many Asian countries, especially India may simply not be able to afford a large dependent elderly population. Perhaps even more important, they might not have the necessary institutions and financial systems in place, including efficient and well-managed pension and healthcare programs, capital markets, and accounting and regulatory systems. On the other hand, the traditional family support system is under pressure from demographic, social, and economic change. Increasing exposure to the West may also be introducing new ideas about marriage, family, and individualism—ideas that clash with the traditional sense of responsibility for the elderly.
An aging population strains a nation’s plans, social security system and pension plans, and puts pressure on health budgets. Facing an unprecedented pace of population aging, Indian government must tackle important policy challenges. The attempt has been made in the paper to identify the needs of the elderly, current approaches to support the elderly, and the policy options and programmes for the elderly. The paper will be based on secondary sources of data.