Retirement Readiness: The Evolving Landscape in India

A study reveals that while many believe Rs 1 crore is enough for retirement, awareness remains low. The India Retirement Index rose, driven by health habits and insurance. Half of the respondents stress starting early retirement planning. Diverse segments like gig workers need tailored solutions.

Despite low awareness about the required retirement corpus, a recent survey reveals that 70% of Indians consider Rs 1 crore sufficient for a comfortable retirement.

The India Retirement Index Study - IRIS 5.0 indicates progress, with the index rising from 44 in 2022 to 48 in 2025, attributed to stronger fitness habits, regular health check-ups, and increased insurance adoption.

The research underscores the vital role of health preparedness in retirement security, urging a start in retirement planning before 35 and highlighting the need for tailored solutions for diverse groups like gig workers and return migrants.

(With inputs from agencies.)