Chief Economic Advisor V Anantha Nageswaran underscored the critical need for long-term savings to ensure financial security, anticipating India’s elderly population will significantly expand by 2050. He stressed a mindset shift towards financial planning due to changing lifestyles, noting government efforts also enhance household saving capacity.Chief Economic Advisor V Anantha Nageswaran underscored the critical need for long-term savings to ensure financial security, anticipating India’s elderly population will significantly expand by 2050. He stressed a mindset shift towards financial planning due to changing lifestyles, noting government efforts also enhance household saving capacity.
