Quality of Life for Elderly Index:
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Created by: Institute for Competitiveness at the request of EAC-PM.
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Purpose: The report identifies the regional patterns of ageing across the Indian States and assesses the overall ageing situation in India. It also presents a deeper insight into how well India is doing to support the well-being of its ageing population.
Pillars and Sub Pillars of the index:
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Four Pillars: Financial Well-being, Social Well-being, Health System and Income Security
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Eight Sub-Pillars: Economic Empowerment, Educational Attainment & Employment, Social Status, Physical Security, Basic Health, Psychological Well being, Social Security and Enabling Environment.
Key Findings of the Index:
Elderly Population:
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India is currently enjoying the demographic dividend. But the age group above the age of 65 will become the fastest-growing age group by 2050.
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The share of elders, as a percentage of the total population in the country, is expected to increase from around 7.5% in 2001 to almost 12.5% by 2026, and surpass 19.5% by 2050.
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Further, there will be a significantly higher proportion of women than men in the higher age cohort due to higher life expectancy.