Description: The Indian economy is growing with the growth of national income and per capita income, while society is facing the problem of an increasing number of persons in old age and the gradual erosion of the joint family system. The existing social security schemes do not cover the large mass of the working population. Therefore, India needs micro-pension plans that cover the large segment of people from the unorganized sector.

Description: Paper examines the rapid growth of the elderly population in India, as well as problems and challenges related to this growth, some universal, and some unique to India. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.