Research & Advocacy Initiatives of Agewell Foundation over the years
INCOME AND EXPENDITURE PATTERNS OF OLDER PERSONS (APRIL 2010) By Agewell Research and Advocacy Centre OVERVIEW Globalization of world economy has changed India into a huge marketplace. With its second largest population across the world, after China , market players are seeing Indian population as their prospective customers. Percentage of older persons in India is increasing very sharply year after years. The 2001 census has shown that the elderly population (60+) of India accounted for 77 million and by the next census in 2011 elderly population is expected to cross 100 million mark. It took more than 100 years for the aged population to double in most of the countries in the world. But in India it has doubled in just 25 years. The life expectancy has also gone up over 70 years today. Better medical facilities, care and low fertility made the elderly the fastest growing section of the society. Unlike past years, today older persons have