In 20 years, India will transition from having one in ten individuals being aged to 1 in 5. This demographic shift necessitates important health-oriented assist, moreover societal and financial preparation. Roy factors out that international locations like Japan and elements of Europe, that are already seeing a excessive share of aged residents, provide a glimpse into future challenges, and alternatives India may face.
One main concern is healthcare, particularly geriatric care. Roy emphasises the significance of normal check-ups and proactive care to make sure a very good high quality of life for the aged.
He notes that many well being points, similar to dementia, don’t seem all of the sudden however progress over time. Subsequently, the power to behave when persons are of their late 50s, 60s, and 70s is essential. This proactive strategy may also help elders age magnificently in their very own properties, avoiding superior well being crises.
Discussing “silver financial system,” Roy sees huge alternatives for companies to innovate and supply higher services tailor-made to this demographic. He mentions the significance of designing merchandise with higher buyer experiences and integrating varied stakeholders, similar to healthcare suppliers, insurance coverage corporations, and monetary establishments, to create complete options for the aged.
Technological developments play a pivotal position in elder care. Roy explains how Emoha leverages medical know-how to hyperlink elders’ properties, enabling common well being monitoring. Improvements like distant affected person monitoring and emergency response techniques are essential in offering well timed care and guaranteeing the protection of the aged.
Wanting forward, Roy stresses the necessity for coverage adjustments and infrastructure improvement to assist the aged. He suggests tax advantages and GST relaxations for elder care providers to make them extra reasonably priced. Moreover, creating senior residing services and transition fashions that mix staying at dwelling with occasional daycare actions can present a balanced strategy to elder care.
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Host: PT Jyothi Datta, Producer: Anjana PV, Siddharth Mathew Cherian
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