India's demographic transition presents a critical public policy challenge. With the elderly population projected to rise from 15 crore to 34 crore by 2050 and medical inflation at 12-14%, traditional retirement instruments are insufficient. This necessitates a strategic shift towards structured pension systems like the National Pension System (NPS) and comprehensive health insurance.
Exam Lens
Quick Exam Facts From News
1-Minute Revision
- ›Elderly Population Today: Approx. 15 crore
- ›Elderly Population by 2050: Over 34 crore
- ›Target this Data: Elderly population projected to be over 34 crore by 2050 (from ~15 crore now).
- ›Target this Nodal Body: United Nations Population Fund (UNFPA) - source of the population projection.
- ›Target this Scheme: National Pension System (NPS) - highlighted as a key structured retirement solution.
Mastered this topic? Test your knowledge with a full MCQ quiz.
Practice exam-style questions, track your score, and strengthen your recall.