India spends mere 0.032 per cent of GDP on senior citizens

February 20, 2015 22:06

India is home to one in every 10 senior citizens of the world, yet the country spends a mere 0.032 per cent of its GDP on them and they are subjected to neglect and isolation, according to a study.

As per the 'State of India's Elderly-2014' report by HelpAge India, the country has 100 million elderly and by 2050 the figure is likely to triple to 324 million.

"But there are not enough dependable community support systems matching this growth," said Mathew Cherian, Chief Executive Officer of HelpAge.

Justice Leila Seth, Chief Guest at the occasion, said "neglect, poverty and isolation" were the major issues affecting the elderly people.

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