International Journal of Social Science & Economic Research
Submit Paper

Title:
RISE IN INSTITUTIONAL CARE FOR THE ELDERLY IN INDIA AND IT’S ECONOMIC IMPACT

Authors:
Tulip Mittal

|| ||

Tulip Mittal
Delhi Public School, R.K. Puram, New Delhi

MLA 8
Mittal, Tulip. "RISE IN INSTITUTIONAL CARE FOR THE ELDERLY IN INDIA AND IT’S ECONOMIC IMPACT." Int. j. of Social Science and Economic Research, vol. 6, no. 9, Sept. 2021, pp. 3459-3481, doi.org/10.46609/IJSSER.2021.v06i09.026. Accessed Sept. 2021.
APA 6
Mittal, T. (2021, September). RISE IN INSTITUTIONAL CARE FOR THE ELDERLY IN INDIA AND IT’S ECONOMIC IMPACT. Int. j. of Social Science and Economic Research, 6(9), 3459-3481. Retrieved from https://doi.org/10.46609/IJSSER.2021.v06i09.026
Chicago
Mittal, Tulip. "RISE IN INSTITUTIONAL CARE FOR THE ELDERLY IN INDIA AND IT’S ECONOMIC IMPACT." Int. j. of Social Science and Economic Research 6, no. 9 (September 2021), 3459-3481. Accessed September, 2021. https://doi.org/10.46609/IJSSER.2021.v06i09.026.

References

[1]. Agarwal A., Lubet A., Mitgang E., Mohanty S., Bloom D. (2016b). Population Aging in India: Facts, Issues, and Options. www.ftp.iza.org https://ftp.iza.org/dp10162.pdf
[2]. Aging in Place: Facilitating Choice | HUD USER. (n.d.). www.huduser.gov https://www.huduser.gov/portal/periodicals/em/fall13/highlight1.html
[3]. Anupriyo M.A., (2020). Emergence of the Concept of ‘Senior Living Communities’ in India: Facts and Facets (No. 2719–9045). Wydzia? Pedagogiczny, Uniwersytet Pedagogiczny im. Komisji Edukacji Narodowej w Krakowie. https://doi.org/10.24917/27199045.181
[4]. Association of Senior Living India (ASLI). (n.d.). Senior living in India. www.oasisseniorliving.in http://www.oasisseniorliving.in/content/publications/ASLI_info.pdf
[5]. Biswas S., (2020). Why Indians continue to live in joint families. www.bbc.com https://www.bbc.com/news/world-asia-india-54053091
[6]. Blessings, W.A. (2020, July 21). Old Age Homes in India. Blog, Wishesandblessings, NGO in Delhi. http://wishesandblessings.net/blog/2445-2/
[7]. Bloom David E., (2011). Population Dynamics in India and Implications for Economic Growth. www.hsph.harvard.edu http://www.hsph.harvard.edu/pgda/working.htm
[8]. Dey S., Nambiar D., Lakshmi J.K., Sheikh K. and Reddy K.S. (2012). Health of the Elderly in India: Challenges of Access and In: National Research Council (US) Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Asia; Smith J.P., Majmundar M., editors. Aging in Asia: Findings From New and Emerging Data Initiatives. Washington (DC): National Academies Press (US); www.ncbi.nlm.nih.gov. https://www.ncbi.nlm.nih.gov/books/NBK109208/
[9]. Dommaraju, P. D. (2016). Perspectives on Old Age in India. www.dr.ntu.edu.sg https://dr.ntu.edu.sg/bitstream/10356/142859/2/Dommaraju_Perspectives%20on%20Old%20Age%20in%20India.pdf
[10]. Dr. K.Shobha, C.Parmeshwari (2017). Socio-Economic determinants of living arrangements of the elderly in Coimbatore city. www.ijmra.us https://www.ijmra.us/project%20doc/2017/IJRSS_APRIL2017/IJMRA-11398.pdf
[11]. Elderly in India. (2019). Drishti IAS. https://www.drishtiias.com/to-the-points/Paper2/elderly-in-india
[12]. Embracing New-Age Old Age Homes (2018). www.cushmanwakefield.com https://www.cushmanwakefield.com/en/singapore/insights/blog/embracing-new-age-old-age-homes
[13]. Fengler W., (2021, January 28). The silver economy is coming of age: A look at the growing spending power of seniors. Brookings. https://www.brookings.edu/blog/future-development/2021/01/14/the-silver-economy-is-coming-of-age-a-look-at-the-growing-spending-power-of-seniors/
[14]. Gupta N., (2016). Growing Older Population in India: Its Implications on Health and Social Care system. https://paa.confex.com https://paa.confex.com/paa/2016/mediafile/ExtendedAbstract/Paper3718/paper%20PAA%202016_Dr%20NG.pdf
[15]. Lawrence Robinson, Melissa S. Wayne, M.A., and Jeanne Segal, Ph.D. (2021). Alzheimer’s and Dementia Care: Help for Family Caregivers. www.helpguide.org https://www.helpguide.org/articles/alzheimers-dementia-aging/tips-for-alzheimers-caregivers.htm
[16]. Maity, Shrabanti & Sinha, Anup. (2020). Linkages between Economic Growth and Population Aging with a Knowledge Spillover Effect. www.researchgate.net https://www.researchgate.net/publication/344592890_Linkages_between_Economic_Growth_and_Population_Aging_with_a_Knowledge_Spillover_Effect
[17]. Menezes S., Thomas T.M., (2018). Status of the Elderly and Emergence of Old Age Homes in India. International Journal of Social Sciences and Management, 5(1), 1–4. www.nepjol.info. https://doi.org/10.3126/ijssm.v5i1.18972
[18]. Mishra S., (2020). Senior living communities – The need of the hour, post the COVID-19 pandemic. www.housing.com. https://housing.com/news/senior-living-communities-a-necessity-post-the-covid-19-pandemic/
[19]. Moneylife - India’s aging population to reach 300 million by 2050 and raising demand for better services for seniors: Report (2018). https://www.moneylife.in/article/indias-aging-population-to-reach-300-million-by-2050-and-raising-demand-for-better-services-for-seniors-report/54140.html
[20]. Nair R., (2019). Senior living projects to thrive more in tier-2 cities. www.housing.com https://housing.com/news/senior-living-projects-to-thrive-more-in-tier-2-cities/
[21]. National Human Rights Commission. (n.d.). Human Rights of the Elderly Persons: Law, Policies and Implementation: A study with special reference to Kerala, www.nhrc.nic.in. https://nhrc.nic.in/sites/default/files/Project%20Report%20on%20the%20Rights%20of%20the%20Elderly_NUALS.pdf
[22]. National Statistical Office, Ministry Of Statistics & Programme Implementation, Government Of India, New Delhi, N. S. O. (2016). Elderly in India. www.mospi.nic.in http://mospi.nic.in/sites/default/files/publication_reports/ElderlyinIndia_2016.pdf
[23]. Nirula M. (2019, May 24). Does a country dominated by millennials care for senior citizens? 99acres Article. https://www.99acres.com/articles/does-a-country-dominated-by-millennials-care-for-senior-citizens.html
[24]. Old age facilities in India. (2018). www.tatatrusts.org https://www.tatatrusts.org/upload/pdf/report-on-old-age-facilities-in-india.pdf
[25]. Old age solutions. (n.d.). Demographic trends. www.oldagesolutions.org https://www.oldagesolutions.org/facility/demographic-trends
[26]. Online, F. E. (2020, September 11). Impact of Covid-19 on senior living communities in India. The Financial Express. https://www.financialexpress.com/money/impact-of-covid-19-on-senior-living-communities-in-india/2080716/
[27]. Pandit, A. (2020, October 5). Cases of crimes against senior citizens rising, pendency in 2019 at 88%. The Times of India. https://timesofindia.indiatimes.com/india/cases-of-crimes-against-senior-citizens-rising-pendency-in-2019-at-88/articleshow/78504057.cms
[28]. S. Akbar, S. Tiwari, R. Tripathi, A. Kumar, N. Pandey. (2014). Reasons for Living of Elderly in Old Age Homes: An Exploratory Study, International Journal of Indian Psychology, 2 (1), DOI: 10.25215/0201.029, DIP: 18.01.029/20140201. www. oaji.net http://oaji.net/articles/2014/1170-1414401631.pdf
[29]. Sengupta J., (2019). Economic slowdown and its impact on the elderly. www.orfonline.org https://www.orfonline.org/expert-speak/economic-slowdown-impact-elderly-57270/
[30]. Senior Housing: A Sunrise Sector in India. (2017). www.phdcci.in https://www.phdcci.in/wp-content/uploads/2018/11/Senior-Housing-Report-by-PHD-Research-Bureau.pdf
[31]. Shanthi Johnson, Swati Madan, Jade Vo, Ansa Pottkett. (2017). A Qualitative Analysis of the Emergence of Long Term Care (Old Age Home) Sector for Seniors Care in India: Urgent Call for Quality and Care Standards, Page 360, Aging Int (2018) 43:356–365 DOI 10.1007/s12126-017-9302-x https://link-springer-com https://ur.booksc.eu/book/67825770/ecd223
[32]. Sharma D.A. (2018, July 1). Cognition and quality of life in older adults Sharma DA, Sheth MS, Dalal DJ - Physiother - J Indian Assoc Physiother. www.pjiap.org https://www.pjiap.org/article.asp?issn=0973-6549%3Byear%3D2018%3Bvolume%3D12%3Bissue%3D2%3Bspage%3D53%3Bepage%3D57%3Baulast%3DSharma
[33]. Shashidhar A. (2021, July 8). Business of Elders. Business Today. https://www.businesstoday.in/magazine/industry/story/business-of-elders-300656-2021-07-08
[34]. Singh N.L. (2021). Enabling a new senior care ecosystem: India needs holistic regulatory framework. timesofindia.indiatimes.com. https://timesofindia.indiatimes.com/blogs/voices/enabling-a-new-senior-care-ecosystem-india-needs-holistic-regulatory-framework/
[35]. SivaRaju S. (2011). Studies on Aging India: A Review, BKPAI Working Paper No.2,United Nations Population Fund (UNFPA), New Delhi. www.isec.ac.in http://www.isec.ac.in/BKPAI%20Working%20paper%202.pdf
[36]. The new old age homes - Civil Society Magazine. (n.d.). a. www.civilsocietyonline.com https://civilsocietyonline.com/column/climate-change/the-new-old-age-homes/
[37]. Tripathy N.K.H. (2021, March 1). Advantages & Disadvantages of Old Age Home Tribeca Care. https://tribecacare.com/blog/advantages-disadvantages-old-age-home/
[38]. Ugargol Allen, Hutter I, James K.S. & Bailey Ajay (2020). Caregiving Patterns to Older Adults in India Introduction. www.researchgate.net https://www.researchgate.net/publication/340417315_Caregiving_Patterns_to_Older_Adults_in_India_Introduction
[39]. Vachani, T.S. (2020). Building the silver economy: Why do we need to pay attention now? Moneycontrol. https://www.moneycontrol.com/news/business/personal-finance/building-the-silver-economy-why-do-we-need-to-pay-attention-now-6244071.html
[40]. World Population Aging : 1950-2050; Department of Economic and Social Affairs, Population Division, United Nations, New York (2002).
[41]. World Population Prospects : 2015 Revision; Department of Economic and Social Affairs, United Nations.

Abstract:
By 2050, India's senior population, defined as those aged 60 and above, is expected to reach around 300 million people. Families, which have historically provided support to the elderly in India, are shrinking due to lower fertility and, in rural regions, migration. The changing dynamics of the age-old traditional family systems have the potential to alter the support structures that the elderly have relied upon. The primary objective of the present paper is to review the demographic aspects of aging and the trends and economic impact of institutional care in India. Institutionalized care of older people is not popular in Indian culture, mainly due to a cultural mindset and the paucity of a trained workforce proficient in the elderly care industry. Additionally, there exists a need for proper infrastructure to support these institutions. This lack of an institutional welfare ecosystem will have severe implications for senior citizens in their aging years. Moreover, owing to the rise in life expectancy, the population size of older adults in India will become so large that care homes cannot accommodate them well. Unless the government implements an effective plan for senior citizens' retirement, it will be forced to bear a higher financial burden for providing adequate healthcare, because of the existing inadequate healthcare and insurance systems. This study highlights the importance of long-term care services as a community support system for senior individuals in India.

IJSSER is Member of