International Journal of Social Science & Economic Research
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Title:
Reimagining Economies and Businesses in an Aging World: An Indian Perspective

Authors:
Vedant Kothari

Journal: International Journal of Social Science and Economic Research (IJSSER)
ISSN: 2455-8834
Volume: 10
Issue: 6
Publication Date: June 2025
DOI: 10.46609/IJSSER.2025.v10i06.024

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Vedant Kothari
Student, Vasant Valley School, New Delhi

MLA 8
Kothari, Vedant. "Reimagining Economies and Businesses in an Aging World: An Indian Perspective." Int. j. of Social Science and Economic Research, vol. 10, no. 6, June 2025, pp. 2294-2303, doi.org/10.46609/IJSSER.2025.v10i06.024. Accessed June 2025.
APA 6
Kothari, V. (2025, June). Reimagining Economies and Businesses in an Aging World: An Indian Perspective. Int. j. of Social Science and Economic Research, 10(6), 2294-2303. Retrieved from https://doi.org/10.46609/IJSSER.2025.v10i06.024
Chicago
Kothari, Vedant. "Reimagining Economies and Businesses in an Aging World: An Indian Perspective." Int. j. of Social Science and Economic Research 10, no. 6 (June 2025), 2294-2303. Accessed June, 2025. https://doi.org/10.46609/IJSSER.2025.v10i06.024.

References

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[3] . United Nations. (n.d.-b). Aging | United Nations. https://www.un.org/en/global-issues/aging
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[5] . How to invest as the global population ages. (2025, January 29). Goldman Sachs. https://www.goldmansachs.com/insights/articles/how-to-invest-as-the-global-population-ages
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[9] . Jayawardhana, T., Anuththara, S., Nimnadi, T., Karadanaarachchi, R., Jayathilaka, R., & Galappaththi, K. (2023). Asian aging: The relationship between the elderly population and economic growth in the Asian context. PLoS ONE, 18(4), e0284895. https://doi.org/10.1371/journal.pone.0284895
[10] . FE Business. (2024, April 17). Nearly 17% of world’s elderly population to be in India by 2050; Is it the fastest-growing silver economy? Financial Express. https://www.financialexpress.com/policy/economy-nearly-17-of-worlds-elderly-population-to-be-in-india-by-2050-is-it-the-fastest-growing-silver-economy-3459945/
[11] . Sahoo, P. M., Rout, H. S., & Jakovljevic, M. (2023). Consequences of India’s population aging to its healthcare financing and provision. Journal of Medical Economics, 26(1), 308–315. https://doi.org/10.1080/13696998.2023.2178164
[12] . CBRE South Asia Pvt. Ltd. (2024). Golden opportunities from the silver economy: Analysing the future of senior care in India. CBRE Consulting & Valuations. https://www.cbre.co.in/insights/reports/golden-opportunities-from-the-silver-economy-analysing-the-future-of-india-s-senior-care
[13] . Shi, L., Mercer, Nazeri, H., & Pearce, G. (2025). Future-Proofing the Longevity Economy: Innovations and key trends. The World Economic Forum. https://reports.weforum.org/docs/WEF_Future_Proofing_the_Longevity_Economy_2025.pdf
[14] . NITI Aayog. (2024). Senior care reforms in India - Reimagining the Senior care Paradigm: A Position paper. https://www.niti.gov.in/sites/default/files/2024-02/Senior%20Care%20Reforms%20in%20India%20FINAL%20FOR%20WEBSITE_compressed.pdf
[15] . International Institute for Population Sciences (IIPS), & National Programme for Health Care of the Elderly (NPHCE), Ministry of Health and Family Welfare (MoHFW). (2020). Longitudinal Aging Study in India (LASI) Wave 1, 2017–18: India factsheet. International Institute for Population Sciences. https://www.iipsindia.ac.in/sites/default/files/LASI_India_Report_2020_compressed.pdf
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ABSTRACT:
Societies worldwide are entering a new demographic phase as populations age, transforming longevity from a potential liability into an asset. This paper employs secondary research to analyse demographic trends in India and globally. It underlines how age structures are changing and the “longevity economy” is growing faster due to declining fertility and rising life expectancy. With India’s older population projected to multiply by 2050, the nation faces the challenge of a large youth cohort and rapid aging. Nonetheless, it is becoming a market with a lot of potential for investment. The paper examines the economic impacts of a population aging, the rise of the longevity (silver) economy, and sectoral shifts in healthcare, technology, and senior living. By examining these patterns and issues, the paper offers practical insights for supporting robust and equitable economic growth in the aging economy.

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