Indian senior living market has the potential to grow 5x times from current levels to touch ~USD 12 billion by 2030 - Colliers
May 14, 2024
Gurgaon (Haryana) [India], May 14: The median age of the country is likely to gradually increase from about 29 to 38 by 2050. Similarly, the proportion of aged people (above 60 years) is likely to increase from about 11 per cent in 2024 to 21 per cent in 2050. At the global level, over the next three decades (by 2050), of the 2.1 billion people above 60 years, India would account for a 17 per cent share indicating a significant demand growth for senior care including housing in the country.[1]
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