India’s Senior Living Market Valued at $10.15 Billion, Expected to Grow at 10% CAGR

The market for senior living in India is currently valued at approximately $10.15 billion and is expected to maintain a strong compound annual growth rate (CAGR) of 10 percent over the next six to eight years. These findings were reported by the Association of Senior Living India (ASLI), with Adarsh Narahari, chairman of ASLI and managing director of Primus Senior Living, emphasizing that by 2030, one in every five Indians will be 55 years or older, highlighting the significant market potential to address.

To address the growing needs of senior living and showcase the investment opportunities within the senior care sector, ASLI will be organizing its fourth “ASLI Ageing Fest—Unlocking India’s Senior Care Investment Potential” on November 17 in Delhi. The announcement was made during a curtain-raiser event held on September 27, which coincided with the International Day of Older Persons.

During the event, Saurabh Garg, secretary of the Ministry of Social Justice and Empowerment, expressed the ministry’s commitment to supporting senior living. Garg mentioned the establishment of a 24/7 helpline number offering counseling services for elders, as well as providing ground support if needed. The ministry also has funds available to support startups interested in the sector, particularly those involved in senior care and the production of products for senior care.

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