India’s Senior Living Market To Reach $1 Tn By 2030: ASLI

Projections indicate a significant rise in the spending power of senior citizens, from $100 billion in 2020 to an astounding $1 trillion by 2030.

The Indian senior living market, valued at approximately $10.15 billion in 2022, is set for significant growth with a projected compound annual growth rate (CAGR) of 10 percent over the next six to eight years, as reported by the Association of Senior Living India (ASLI).

Adarsh Narahari, the Chairman of ASLI and Managing Director of Primus Senior Living, emphasized the demographic shift India is experiencing, with one in every five Indians expected to be 55 years or older by 2030. To address the needs of this growing segment and highlight investment opportunities, ASLI is organizing the fourth edition of the “ASLI Ageing Fest—Unlocking India’s Senior Care Investment Potential” in Delhi on November 17.

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