Budget 2024-Potential Wins for India's Senior Citizens
Introduction: Addressing the Needs of an Aging Population As India's demographic landscape evolves, the senior citizen population is expected to rise significantly, reaching approximately 347 million by 2050. The upcoming Union Budget 2024 presents an opportunity to cater to this growing segment with tailored financial measures that could significantly enhance their quality of life. Understanding India’s Demographic Shift The Rising Senior Citizen Demographic Despite India's youthful image, the elderly population is set to double in the next three decades, creating substantial challenges and opportunities for policymakers. This demographic shift underscores the importance of robust senior-focused policies in the upcoming budget announcements. Key Financial Wishes of Senior Citizens for Budget 2024 Enhanced Healthcare and Insurance Benefits Senior citizens are advocating for increased tax deduction limits on health insurance premiums, reflecting the higher medical costs they fac