India’s ‘silver dividend’, Challenge to Opportunity. Growing Elderly Population. The Hindu Editorial Explanation 1 October 2024.

Introduction

The article talks about the growing number of elderly people around the world, especially in countries like India and China. As more people live longer, this creates new challenges, the article explains that while the ageing population creates challenges, it also offers opportunities. By improving healthcare, addressing financial worries, helping seniors with technology, and supporting the silver economy, we can turn the growing number of elderly people into a positive force for society.

Article Explanation

Health Needs of the Elderly

Many elderly people in India are facing health issues. A lot of them have long-term diseases like diabetes or heart problems, and many struggle with everyday tasks. Mental health issues, such as depression, are also common. These problems highlight the need for better care and support for the elderly.

One way to improve things is through programs like Ayushman Arogya Mandir (AAM), which combines different types of traditional medicine (like Ayurveda and homoeopathy) to offer better care for older people. This approach includes preventive care (to stop problems before they start), curative care (to treat existing problems), and rehabilitative care (to help people recover).

Improving Access to Health Care

To make healthcare easier for the elderly, the article suggests expanding telemedicine (so older people can consult doctors from home), training more health workers to care for seniors, and improving the skills of current workers. This will help elderly people get the care they need, even if they have physical or financial challenges. Mental health and nutrition support should also be part of the plan.

Financial Security for the Elderly

A big concern for elderly people is financial insecurity, especially when it comes to paying for healthcare. The article suggests creating special financial plans for seniors, like offering ₹5 lakh health insurance coverage for people over 70. Another idea is to help younger people gain the skills they need to stay financially independent as they age.

Helping Seniors with Technology

Many elderly people have difficulty using modern technology, which can stop them from accessing services and benefits they are entitled to. The article emphasizes the need to teach older people how to use technology so they can benefit from government programs, healthcare, and other services.

Opportunities in the Silver Economy

As people get older, they become a key consumer group, especially since many people in their late 40s to 60s are quite wealthy. This growing group of elderly people often called the silver economy, will need products and services tailored to their needs, such as healthcare and wellness services. This presents a big opportunity for businesses.

Government Support for the Elderly

The government is already working on programs to help the elderly. For example:

  • The SACRED portal helps older people find jobs in the private sector.
  • The SAGE initiative promotes senior care products and services, which help both elderly people and businesses that serve them.

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The Editorial Page of The Hindu is an essential reading for all the students aspiring for UPSC, SSC, PCS, Judiciary etc or any other competitive government exams.

This may also be useful for exams like CUET UG and CUET PG, GATE, GMAT, GRE AND CAT

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