58million Indians living without pensions

Fifty eight million people in India are living without pension or any other form of assistance, civil society organisation Pension Parishad has said.

Citing the State of Pensions in India Report 2018, economist Prabhat Patnaik said the central government spends as little as 0.04 per cent of the GDP for its flagship Indira Gandhi National Social Assistance (IGNOAPS) programme for ensuring income security for the elderly. (IANS)