India is entering a new phase. The Senior Care Report 2024, released from PwC–ASLI shows that by 2050 there will be 347 million Indians aged 60 and older, accounting for more than 21% of the total national population. This statistic correlates with the fact that approximately 19,500 people turn 60 every day, now called the “Silver Tsunami.”

This change is shaping economic and social priorities. Life expectancy rose from 62.5 years in 2000 to 70.8 years in 2021. Families are getting smaller, and as youth moves to bigger cities, an increasing number of elderly with no one to care for them are left behind. Collectively, these changes are driving retirement home, assisted living, home care, and technology-enabled eldercare services demand.

Previously worth $10–15 billion, India’s elderly car

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