The global senior living market, valued at approximately USD 190 Bn in 2020, is poised to double to USD 375 Bn by 2030, driven by shifting demographics and rising life expectancy. The silver economy comprising older adults as active economic participants has emerged as a powerful force for economic and social transformation. No longer merely recipients of care, older adults are increasingly contributing to economic growth. By fostering innovation, inclusive policies, and sustainable infrastructure, the silver economy presents a unique opportunity to reshape societies for a more resilient and adaptive future.
India is poised to play a crucial role in this evolving landscape. By 2050, India is projected to account for 16 per cent of the global population aged 60 and older approximately 346 Mn seniors out of an estimated 2.1 Bn worldwide. While this percentage is lower than some countries, India’s sheer population size makes this shift economically and socially significant. This demographic wave will profoundly impact healthcare, social services, and economic policies, making senior living a critical sector for national development.