India's Senior Living Market to Reach $12 Billion by 2030 | Vantage with Palki Sharma

India's Senior Living Market to Reach $12 Billion by 2030 | Vantage with Palki Sharma

Senior living is enjoying increased acceptance in India. Senior living includes retirement homes, nursing homes, and assisted-living institutions. They offer medical care and social bonding opportunities to elderly. India's senior living market is worth about $3 billion. By 2030, it is expected to reach $12 billion. After all, India is home to more than 150 million elderly people. And by 2050, every fifth Indian will be above the age of 60, making up 17% of the world’s share. But senior living is in its nascent stage in India. Meanwhile, it is well-accepted and more popular in countries like the UK, America, and Australia. But why is senior living enjoying increased popularity in India? Palki Sharma tells you.

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India | Senior Citizens | Silver Economy | Living Market | Potential | Firstpost | World News | Vantage | Palki Sharma

#india #seniorcitizens #livingmarkets #potential #economy #silvereconomy #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[padmaoruganti]

This generation seniors are blessed to have a stable pension income and homes, next generation lives are going to be tough who worked mostly in private secotor unstable careers.

[_wokeweaklingscryoverwords_]

In our Eastern Civilizations our Family is one of the MOST IMPORTANT THINGS IN LIFE. We won't come into existence without our Family.

[waldensmith]

Senior living is vital in India. The Modi Govt need to provide for these needy families who live on minimal budgets to survive. The culture of Senior living is one in which the families provide the care giving with compassion love love care to appreciate their senior and elderly family members in their final chapter of life. Great report Palki.

[MrBANTY]

Taking care of the elderly population is indeed a big responsibility🤔

[jnbqwhe]

Its not a luxury though,
In places like Coimbatore, where retirement villas are booming, for 15-20k per month u get all facilities from rent, to medical care and 3 meals a day!
Even delivered to ur room if u r unable to walk to the common mess area

A lot of senior citizens esp over 75 prefer moving themselves..even for temporary period
Esp the ones with NRI kids

Kids dont hv to worry about them falling down or getting robbed..(many cases in cities these days)
Parents gets company of other people of their age groups and all senior facilities!

It makes a lot of sense..
They can infact rent their own homes and use that money for the retirement home ..so even financially its a win win

[satyasingal]

In Doraha, Punjab, there is Heavenly Palace which is housed large number of Senior citizens from far places like Delhi, Uttar Pradesh etc. This place is like 5star building.

[MrSatadal]

What you see Yourself = human
What govt sees you = economy

[_wokeweaklingscryoverwords_]

The Lunatic/Selfish West doesn't get to decide what happens in Bharat. Unlike the West, We respect our Family Members. OUR PARENTS RAISED US AND TOOK CARE OF US SO WILL REMAIN WITH OUR PARENTS TILL DEATH AND BEYOND.

[MrBANTY]

Also ma'm this is the era of nuclear family, society is changing. It is rightly said ma'm you should earn something in your youth to live with dignity in your old ages, because day by day our physical working capacity is diminishing 👨‍⚖

[krishansaxena]

Tragically, young people with bloated incomes treat old parents as "problems" even in India.
It is sad.

[Acharjya]

*ALL THIS MEANS IS THAT CHILDREN NO LONGER WANT TO LIVE WITH THEIR OLD PARENTS*

[bhavtosh]

India should go for high deposit
rates of 10% because there is lack
of demand due to massive unemployment and senior citizens
have no pension still deposit rates
are too low.

[JJ_Sparks]

Where seniors live happily blessings will be abundant. They have right to life and enjoy their wealth and live happily with their family for all the pain they have taken in bringing up their younger ones in their hopeless young age. Hope this generation retains respect and value for elders and voice for Indian culture valuing family❤

[shilpapathak]

Healthcare cost needs to be of quality and afforadbale. Only rich can afford community homes.

[mandarp]

This market is only for 20% of top rich in India while common people still suffering.

[kaminitayulladil]

Our ancestral tradition taught us that taking care of the elderly people & giving tender loving care to your grandparents & parents is equal to serving God.I It's much more than going to temple & offering prayers. The first is your action towards elderly. Action always speak better than words.You feel eternally blissful when you care for the elderly & earn their Blessings 🌹🙏🙏🙏🌹

[appmobilie]

You count yourself in :), good video.

[coolbreeze]

India has been a poor country for a very long time. People gave birth to too many children whether they could afford or not. This was because in the previous generations there was a high incidence of infant mortality. So, the population has grown to unmanageable levels. There is too much competition for everything these days. Everything costs a lot. Taking care of aged parents has therefore become a big challenge, not only in terms of money needed for the care, but also the distance between working children and their old parents. Often the children go to other cities or even other countries for finding jobs. To some extent we can say that modern life has given way to selfishness. But it has become almost unavoidable. Children can’t be blamed for that. There is one other point that needs to be mentioned. People have neglected their health in their younger years and therefore need care from other people in old age. If you eat healthy food and exercise regularly you will be in a better shape to handle old age. Having said all this, old age homes are not all bad. Some of them are luxurious.

[sudipchattopadhyay]

If market get into mind no problem ever be solved it just grow and multiply ..

[Everynameistakenwhy]

If you can afford such a luxurious retirement home, you can afford personalised care even when at home. Most people who end up in retirement homes in here, are not the privileged ones. They are the ones whose children refuse to take care of the very parents who raised them.