A CRISIL Research study shows that there are nearly 100 million people aged over 60 in India today, and that number will triple to 300 million by 2050. "Fiscal burden of pensions can be 3.4% to 4.1% of GDP by 2030", says CRISIL.
According to Crisil, India‘s elderly population is expected to triple to 300 million by 2050 and with most of this population believed to be financially insecure in their sunset years, it's a problem India cannot run away from.