Silver Economy - UPSC Key Notes & Top 25 Questions
The "Silver Economy" refers to the system of production, distribution, and consumption of goods and services aimed at using the purchasing potential of older and ageing people. As healthcare improves and life expectancy rises, this demographic segment is becoming a significant driver of economic activity globally. In India, the elderly population is projected to rise dramatically, creating demand for specialized geriatric care, assistive technology, and financial products. The government is responding with initiatives to ensure dignity and security for seniors, transforming this demographic shift from a challenge into a potential economic asset called the "Longevity Dividend." How is the topic "Silver Economy" Useful for UPSC & other exams This topic is crucial for GS Paper I (Society - Population issues) and GS Paper II (Social Justice - Welfare schemes for vulnerable sectio...