NITI Aayog Releases Caregiving Report for Viksit Bharat@2047

Key facts

• The NITI Aayog report titled 'Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047' presents India's caregiving ecosystem and outlines a roadmap for an organised, professional, accessible and future-ready care system.
• India's care services market is projected to grow from USD 29.62 billion in 2023 to USD 72.31 billion by 2030 at a CAGR of 13.76%.
• The report highlights a dual care system comprising informal caregivers such as family, friends and communities, and formal caregivers such as trained professionals.
• The elderly population in India is estimated at 149 million, or 10.5%, in 2022 and is projected to reach 347 million, or 20.8%, by 2050.
• Urbanisation, migration, nuclear families and higher female workforce participation are reducing informal family caregiving.
• Institutional initiatives highlighted in the report include the National Programme for Healthcare of the Elderly (NPHCE), the SHATAYU Dashboard and the JEEVAN Application.
• State-level initiatives highlighted include Karnataka's Carers Groups and monthly allowance for unpaid caregivers, and Kerala's Kudumbashree K for Care project.
• Long-term care models covered in the report include social insurance, residual, local need-tested, private-insurance-based and societal care models.