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India's retirement savings gap to rise to $85 trn in 2050: WEF

The report was prepared by WEF in collaboration with Mercer

Press Trust of India  |  New Delhi 

The size of retirement savings gap in India is expected to touch $85 trillion by 2050 from the current shortfall of $3 trillion largely due to longer lifespans and reduced levels of savings say a World Economic Forum report. The savings gap resembles the amount of money required in each country (including contributions from governments, individuals and employers) to provide each person with a retirement income equal to 70 per cent of their pre-retirement income. According to a World Economic Forum study the retirement funding gap in the world's six largest pension saving ...

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First Published: Fri, May 26 2017. 15:38 IST
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