Non-urban India has remained blindsided for decades in terms of superannuation, benefits, and social security. These are highly pensioned societies, each characterised by an evolved market for actively-managed retirement plans. Traditional retirement plans have in the past relied almost entirely on such options. The government has initiated several important policies to expand the social security network and encourage organised retirement planning. One, government institutions cannot spend enough on social security schemes.

Source: The Telegraph October 12, 2023 01:39 UTC