Seniors’ Spending Power To Increase To $1 Trillion By 2050, ASLI’s Idea To Harness The Growth

Seniors will account for 19.5 per cent of India’s population, or around 194 million by 2050, providing immense opportunities for growth in senior specific services, while also posing challenges on account of living issues as a result of loneliness and rising instances of nuclear families

With India’s senior population set to account for roughly 19.5 per cent (around 194 million) of the country’s total population by 2050, there will be a greater need to focus on them.

That aside, the spending power is also expected to increase from $100 billion in 2020 to $1 trillion by 2030, the Association of Senior Living India (ASLI) said in a press conference on September 27, 2023, in Delhi