India's retirement crisis belongs to the young

For generations, Indian families have shared the financial responsibility of ageing. Parents invested in their children through education, weddings and first homes, often expecting that support to come full circle in later life. But the economics behind that arrangement are changing. India is ageing rapidly but also living longer. The number of people over 60 expected to more than double by 2050 even as formal retirement coverage reaches only a fraction of the workforce. Meanwhile, it is taking longer for younger working Indians to become financially secure which in turn is affecting their savings. As these two trends collide, can India's oldest retirement model keep up? Tune in. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.