SUSTAINABLE PENSION REFORM IN INDIA: TOWARDS A MARKET‐BASED SYSTEM

Oskari Juurikkala

Economic Affairs, 2008, vol. 28, issue 1, 35-40

Abstract: Market‐based pensions are developing slowly in India because of distorting tax rules and draconian investment regulations. Recent reform proposals point in the right direction but fail to address the fundamental issues. Instead of creating large‐scale pension policy blueprints, India needs to develop better tax rules, reduce regulation and let markets develop products to meet the needs of the people.

Date: 2008
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