Retirement age extension

The Prime Minister’s Economic Advisory Council has advocated raising the retirement age, citing increased life expectancy as a result of improved health infrastructure, which will allow older people to work longer than earlier generations. The Council stated in a report released on Wednesday that because India is a young country with a large working population, the retirement age should be gradually increased. According to the report provided by the Council’s chairman, Bibek Debroy, “raising retirement ages leads to employment creation for old people without compromising the demands and availability of jobs for the present workforce.”