October 1, 2026 1:56 PM
India needs greater household savings in long-term pension products: CEA
India needs to encourage households to commit a larger share of their savings to long-term pension products as pension and insurance assets continue to account for a relatively small share of household savings, Chief Economic Adviser V Anantha Nageswaran said. Speaking virtually at an event marking NPS Diwas 2025-26, Nageswaran said Indian households have changed their saving patterns, with a significant increase in market-linked investments, but pension savings have not risen at the same p...