The move is aimed at ensuring that a basic support system is put in place to cater to the needs of India’s ageing population which is expected to go up from 10% now to 19.5% by 2050. It is of the view that while catering to the needs of the elderly population of this size is challenging, it also presents an opportunity for the growth of the senior care industry, which is presently estimated at Rs 57,881 crore
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