
Indian senior living market has the potential to grow 5x times from current levels to touch ~USD 12 billion by 2030
Market size can grow significantly from the current levels of USD 2-3 bn to ~USD 12 billion by 2030
Demographic shifts in India to create favourable demand dynamics for senior housing
Low penetration of organised private players create significant demand supply gap
Gurgaon, 13th May 2024 – The median age of the country is likely to gradually increase from about 29 to 38 by 2050. Similarly, the proportion of aged people (above 60 years) is likely to increase from about 11% in 2024 to 21% in 2050. At the global level, over the next three decades (by 2050), of the 2.1 billion people above 60 years, India would account for a 17% share indicating a significant demand growth for senior care including housing in the country.[1]
Trends in India’s population
India
USA
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