61% of India's elderly could be without any income security by 2050. Here's why

Opinion study across Gujarat & Rajasthan found that public pension should be extended to all elderly

India’s 860 million-strong working population (15-64 years), the world’s largest, is beginning to age. Over the next 33 years, by 2050, 32.4 million Indians, or 20% of the population, will be above 60 years of age.

If pension continues to cover only 35% of senior citizens as it does today, 20 million, or 61.7% of India’s elderly population, will be without any income security by 2050.

The Centre pays Rs 200 per month under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) to every Indian over the age of 60 and living