Why India's retirement income replacement rate is a concern
PFRDA Chairman S Ramann informed The Hindu that the retirement-income replacement rate in India sits between 35% and 40%. This figure falls significantly short of the 60% benchmark generally recommended across the globe. This rate measures the portion of an individual's salary before retirement that they can maintain once they stop working. Ramann advised citizens to increase their retirement savings so they can sustain their current standard of living after they retire.
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