Do people need to become 'old' at 60 and retire? | Economic Times

All too often, India is spoken of as a young society and economy, with the expected demographic dividend. A demographic dividend is not open-ended. Every country goes through a process of demographic transition and ages. Sometimes, unlike in the West, these changes are compressed into a couple of generations, with medical advances increasing life expectancy dramatically. According to Longitudinal Ageing Study in India (LASI), India will have about 320 million people aged 60 and above by 2050. That’s more than three times the number we have now (104 million in Census 2011). 60 years and above makes a person a senior citizen; 80 and above, a very senior citizen.At the time of independence, India’s life expectancy was 27. In 1951, with a redefined India and better data for former princely states, it increased to 31. If the life expectancy is 27 or 31, one can think of vanaprastha at 50 and sanyas at 75. But when life expectancy at birth is 68, should a person retire and become a senior citizen at 60? This is further complicated by two reasons. First, when one uses the expression ‘life expectancy’, one means life expectancy at birth. But the Sample Registration System (SRS) can be used to deduce life expectancies at different age groups. For example, at 70, the all-India expectation of life will be more than 11 years. A person who has lived till the age of 70 can expect to live for at least 81 years, facing problems not very different from issues faced by the old in more advanced countries. UN has declared 2021-2030 as the Decade of Healthy Ageing. India is already greying, and will grey even more by 2030 and beyond 2035. Hence while young India is important, old India can’t be ignored.Roughly, 10% of India’s population is 60-plus now (2019, not according to the 2011 Census). That number will approach 20% by 2050. Second, there is considerable variation among India’s states. At 70, expectation of life is 14.3 years in Jammu and Kashmir (J&K) and 14.5 years in Uttarakhand, compared to 9.2 years in Chhattisgarh. Life expectancy at birth is 74.9 years in Kerala, compared to 63.9 years in Assam. Ipso facto, the age dependency ratio varies widely from state to state, with Kerala at one extreme and, among major states, Andhra Pradesh at the other. This is understandable, because states are at different levels of demographic transition. But the aging problem Kerala faces today will be a problem Bihar will face further down the line. To illustrate with projections, life expectancy in Bihar is expected to increase from 68 years in 2011-15 to 73.7 years in 2031-36. In Kerala, it is expected to increase from 75.17 years in 2011-15 to 77.32 years in 2031-36. Consequently, not only do old-age dependency ratios vary among states, but there will also be a temporal tendency to them to increase across all states. Are we equipped to handle the problem, specifically articulated in something like UN’s Sustainable Development Goal 3 (good health and well-being)? There is a scheme like the National Social Assistance Programme (NSAP), covering old-age pensions and food security to targeted beneficiaries. Indeed, the National Policy on Older Persons is of 1999 vintage. There is also the 2007 Maintenance and Welfare of Parents and Senior Citizens Act. One should mention a gender angle too — the feminisation of aging. Many more women than men are reaching older ages.The broader ecosystem transcends government policies. How is income security ensured for the aged, through pensions or otherwise, and not merely for those who are targeted and subsidised beneficiaries? (Pensions do not have to be invariably funded by government, not across the board.) How are the old defined and do we have adequate data? Do people need to become ‘old’ at 60 and retire? Is increase in retirement age and reskilling possible? Is that definition of the old in consonance with increases in life expectancy? Are the old, however defined, integrated into the economy? Are there efficient healthcare and other services? Is there sufficient digital literacy among the old, irrespective of the income slice? How do old-age homes function? Some of these are meant to be rhetorical questions. According to 75th round of National Sample Survey (NSS), only 5.3% of 60-plus men can operate a computer, and 5.8% can use the Internet. The respective figures for women are 1.7% and 1.9%. Some issues of delivery of goods and services — which needn’t always be delivered by different layers of government — are age-neutral. That is, provision of physical and social infrastructure and financial products are inadequate and inefficient, regardless of age. However, this does tend to hurt the aged relatively more.In ‘Swadesh mantra,’ Swami Vivekananda wrote: ‘India's society is the cradle of my infancy, the pleasure garden of my youth, the sacred heaven, the Varanasi of my old age.’ As a society, we have focused a lot on the cradle of infancy and the pleasure garden of youth. The Varanasi of old age awaits.