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

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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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Опубликовано:

15 май 2024

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Комментарии : 111

@padmaoruganti9179 27 дней назад

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.

@altmosetz_01 27 дней назад

Most seniors in India don't get pension .And many don't have Health Insurance. That's the Middle class . Lower income group is a different story . They have little in terms of any financial security & mostly are dependent on their family to help them as they get older

@_wokeweaklingscryoverwords_ 27 дней назад

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

@waldensmith4796 24 дня назад

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.

@MrBANTY1111 27 дней назад

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

@MrSatadal 27 дней назад

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

@amandandyan5468 26 дней назад

Strong economy= Better living standards

@MrSatadal 25 дней назад

@@amandandyan5468 strong economy, rich gets richer

@amandandyan5468 25 дней назад

@@MrSatadal poor gets work

@user-jn7bq8wh1e 27 дней назад

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

@ashacherian3353 26 дней назад

Very true I live in one with my mom. It helps tenfold for all stakeholders. Yes the business vertical needs to understand a lot more about care giving the services and facilities. Folks are new in this space so they are learning. Coimbatore and Pollachi through Kerala is a huge hub for retirement communities and living spaces

@satyasingal 27 дней назад

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.

@krishansaxena2389 27 дней назад

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

@AK-fd1tb 27 дней назад

It's a personal choice.

@_wokeweaklingscryoverwords_ 27 дней назад

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.

@vishnuvardhan3047 27 дней назад

I respect you

@user-jn7bq8wh1e 27 дней назад

Don't be so self righteous...I come from an extremely good educated and rational minded Indian family and I've seen close relatives treat their parents like a burden!! Despite getting all the good moral values and right environment.. Kids can (doesn't matter where in the world) can become greedy and selfish! It's human nature!! It's better to live anywhere honourable life with someone ur age in a retirement home rather than listen to abuse and mental torture of ur kids in ur own home!

@agnescraig2912 27 дней назад

@@user-jn7bq8wh1e Thank you for your rational comment. Yes have experienced this with my mother and her extreme generosity to her whole extended family since the age of 31 when she was widowed. Live in the West and would be very embarrassed when my siblings would take take and take.. Her sister refused to visit her because she felt depressed in her company although she happily took millions of rupees. Sheer Greed.

@agnescraig2912 27 дней назад

Stop blaming the West. The same West which millions of illegal Indians migrate to with the help of Agents/People smugglers and Modi begs for visas only in the West. Just tone down your arrogance against the West cause the Western diaspora send remittances which prop up your GDP. According to world bank Indians' remittances are the highest in the world.

@user-jn7bq8wh1e 26 дней назад

@@agnescraig2912 almost every lower economic family in India...even today even in big cities is like that! Terrible customs like dowry.. although was introduced by invaders in India still persist today unfortunately! Most middle class has come out of it but lower class blue collared labour class still practice it to this day N family problems spec die to money is a big issue... Even the rich fight for them.. But idiots here keep behaving like holier than thou! They forget...this isn't the advanced Ancient Indian civilization anymore! Modern India is as corrupt and wretched as any other nation on the planet... Ofcourse there are pros n cons to each society n nation

@Acharjya96 27 дней назад

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

@saviofrancisfernandes413 27 дней назад

Correct. In todays metro cities in India, cost of living is very high and jobs are less with massive competition and that is why most parents have only one child (except some communities) . It is very hard for the children to take care of themselves with an insecure job and permanent automation - let alone supporting their old parents, medical bills, nursing support, medical ailments. That is why there is something called "Retirement Planning" and if you have not done any retirement planning during your youthful life, you are going to pay the price in your old age.

@altmosetz_01 27 дней назад

@@saviofrancisfernandes413 Support of children is part of the Retirement planning at least in India. Parents invest their finances, resources, physical effort, emotions & younger days in their kids & then what ? Once adults, children disappear from their lives or just become the occasional visitors ? .. That's as good as having guests in the house for more than 2 decades, guests who are parasites feeding on everything that the parents have

@flalji2166 22 дня назад

They want to ,times are changing the development is a blessing but also have some drawback , but the family values remain specially in big cities

@MrBANTY1111 27 дней назад

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 👨‍⚖

@bhavtosh5328 27 дней назад

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.

@Deshpremi3337 27 дней назад

Good one....

@appmobilie7121 27 дней назад

You count yourself in :), good video.

@arunareddy7254 27 дней назад

Very true

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@JJ_Sparks 22 дня назад

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❤

@shilpapathak2296 27 дней назад

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

@mandarp9472 27 дней назад

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

@altmosetz_01 27 дней назад

Rich don't need senior living. They can live in their homes supported by paid care givers. This is for the Middle class

@mandarp9472 27 дней назад

@@altmosetz_01 The rich and upper middle class are not more than 15% of the total population.

@vishnuvardhan3047 27 дней назад

Why do you want to live like these fools. Respect your parents and be with them eventhough you are poor.@mandarp9472

@agnescraig2912 27 дней назад

@@vishnuvardhan3047 Please stop calling people names. Stop also lecturing ppl with a different perspective. Respect is earned and is not an entitlement of Parents who bring children into the world with zero input from the children.

@manasbhuyan2764 27 дней назад

❤

@diauser3327 27 дней назад

senior living is something which a few categories of ppl might find as a boon, say those who were single or the children gone away etc, and bascially those who dont have any younger members to care for them,

@sudipchattopadhyay2855 27 дней назад

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

@jayapeswanipeswani8316 25 дней назад

🙏

@kaminitayulladil2198 24 дня назад

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 🌹🙏🙏🙏🌹

@Everynameistakenwhy 27 дней назад

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.

@vinaykumar-ld3yi 27 дней назад

India needs huge old age homes , govt & pvt operated.

@Ash-ul3nx 27 дней назад

It might sounds taboo from first second but we should put a thought to it.

@YogmayaSharma-ci8nu 26 дней назад

Senior living- may be more categorical data analysis is needed. For those seniors more dependent on help due to physical inability reports suggest abuse and shorter life span in elder care facilities.

@seanbellfort2298 27 дней назад

🔱🇮🇳🔱🕉️🔱 Har Har Modi. Jai Hind Jai Sri Ram

@drmvshanbhag1947 27 дней назад

Green Valley Paradise Retirement Home Manipal 🏡

@anilprasanna 26 дней назад

I want to end up there once I am done with my career. Lost both my parents last year in Mangalore.

@peaceleader7315 27 дней назад

We are all will get there.. hmmmm ☹️.. why fighting..?

@_wokeweaklingscryoverwords_ 27 дней назад

We will all get there by abandoning our own Parents?

@AadhiraiSathyavathi 20 дней назад

Firstpost, have you found any cases of "hikikomori" in India. I fear i might become one such example. Need survey on this and please report.

@sanjaysanj6688 27 дней назад

Meanwhile Govt is doing absolutely nothing 🤨

@altmosetz_01 27 дней назад

Why Govt ?

@dinonutube 27 дней назад

I think we should not follow what the western are doing instead make it compulsory to have senior friendly apartments in a normal residential apartments. This way elderly will not feel isolated living amoung other elderly rather be motivated seeing young kids around and hearing them play. Government should strengthen their hospitals.

@ninersnation3298 27 дней назад

palki, stop freaking out. India never gets old. India #1, India #1, India #1

@AK-fd1tb 27 дней назад

Dude, India's average age is now 29 now. By 2050 there will be 25% of the population if we go with this replacement rate.

@directorofficer8565 27 дней назад

Per Palki the world talks about India all the time, about what, what about India

@dr.sagarguru9356 27 дней назад

But i think , if we hindus religiously follow our culture, then we shouldn't need these old age homes.... because our parents took care of our entire growing age and it's time to pay them back... respect the elders and treat them as an asset in the family.... 🙏

@agnescraig2912 27 дней назад

This mindset is set in the past. As a parent it is my responsibility to look after them and not the other way round. Hindu religion or culture should never be a criterion for reciprocating as children did not ask to be brought into this world. Parents decided to have children and today in India irresponsible parenting has led to out of control population = poverty lack of food education sanitation joblessness. Modi/Hindu high priest religious follower of culture feels compelled to encourage. Rightly so. India has become the supplier of Human resource = slave labour going to war zones Russia/Israel.

@anilprasanna 26 дней назад

Kids are forced to migrate out of India considering very cheap 1 dollar per hour salaries offered by chronic capitalists like Narayan Murthy in India. This leaves parents to fend for themselves and good senior living communities with on site ambulance and a nurse for first aid will save lots of lives which otherwise will end prematurely. First and foremost restrooms should have fall alert systems

@TheAdityavuppala 27 дней назад

You were going to say death sentence? :)

@SingerKeyaa 26 дней назад

Life sentence 😢

@coolbreeze2213 24 дня назад

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.

@shrutivasani-mu7qf 27 дней назад

Wow do you have a daughter palki

@manoharshenoy4800 17 дней назад

Primary responsibility to look after old age parents should be on their children. These children will inherit their parents property and money.

@_wokeweaklingscryoverwords_ 27 дней назад

We have something known as Extended Family Tree. Seniors living in retirement homes is an Insanity which started in the West. Stop trying to import that Insanity into Bharat.

@agnescraig2912 27 дней назад

Insanity from the West into Bharat. What an arrogant comment when millions of Indians are paying smugglers to go to the Insane West even war zones like Russia Israel what can be more Insane? Indian diaspora top the list of Remittances according to the World bank and Modi goes rallying the diaspora on Western stages and requests visas for Indians in the West Only. Get off your high horse and welcome to te real Bharat 1.4 billion people and Poverty.

@TheDigitalGuru430 27 дней назад

Stop looking at the old people as money and market. This is the ugly side of development.

@saviofrancisfernandes413 27 дней назад

We live in a capitalistic world and everyone is looked as a money object. Today, even your children will not be happy with their parents if they do not receive any inheritance upon death of the parents.

@TheDigitalGuru430 27 дней назад

@@saviofrancisfernandes413 yes, that is why I say it is ugly side. We need to balance it.

@chitpat 27 дней назад

Ivory Coast is not a great comparison to India, sorry.

@agnescraig2912 27 дней назад

Why not People are People all over the world made of flesh and blood part of humanity. Indians always look at Africa negatively just to enlighten you 50k Africans are in India as students but 100k Indians in Africa doing business. Am Indian born and educated and live in the West. Lived in Africa too.

@chitpat 26 дней назад

@@agnescraig2912 Not talking anything about Africa or Africans. You cannot compare a tiny nation with a small population to India's population, cities, diversity or economy. and aging population. Villages are not suffering the ills of urbanization when it comes to old people.

@user-ev7ht2hs4p 27 дней назад

सभी सनातनी हिन्दू है 😂❤

@sonia-bb3os 27 дней назад

It may sound like a dea--- LIFE sentence...caught you Palki.....and perhaps that is your opinion about your own parents!

@DummyUseless-er3dn 20 дней назад

Give people money and see their true colours. Even parents want independence and privacy if money is not an issue. Joint family is a necessity for poor so there is no point in virtue signalling sham

@tadepalliprasad 27 дней назад

Mungherilal ke sapne

@shahidanusrat6086 27 дней назад

Ispar focus karona why you obsessed with Pakistan 🙂

@aesthetic_lover_here 27 дней назад

Stop crying.

@RizawanAnsaari 27 дней назад

Who is obsessed with begger Come out of dilution

@shahidanusrat6086 27 дней назад

@@RizawanAnsaari😂😂😂😂 lmao tea is fantastic remember 27feb

@RizawanAnsaari 27 дней назад

@@shahidanusrat6086 ok Good Tea was fantastic But what now begger Look at your country Begging everywhere Inflation rate is 30% What will happen to your savings

@mehai5541 24 дня назад

Yes tea is fantastic 😊 par tumne to bahut time se dekhi ni hogi chai 🤔 mtlb aata bhi ni milta unhe chai ke to sapne hi aate honge na...aur rahi baat Pakistan obsession ki 🤣🤣 to tumse jyada ijjat to ham apne gali ke kutto ko dete hai