Indian senior living segment to grow by 5x by 2030

According to demographic projections, the median age of the country is zexpected to increase from 29 to 38 by 2050, along with a rise in the proportion of aged people (above 60 years) from 11% in 2024 to 21% in 2050. India, in particular, is expected to witness a significant surge in demand for senior care and housing facilities, owing to its 17% share of the 2.1 billion people aged 60 years and above globally, in the next three decades.