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Silver dollar can take shine to India

Published on Sep 2, 2014 11:29 AM
The International Patients Lounge at Indraprastha Apollo Hospital in New Delhi. India has long been a destination for patients from Asian and African countries but the focus is now on bringing in patients from Europe, the US and Japan as well. It is just a small step from medical tourism to promoting India as a retirement destination. -- PHOTO: BLOOMBERG

Many people do not realise it but India faces a unique business opportunity as a potential destination for affluent pensioners and retirees from across the globe.

In fact, India should start considering how to exploit its advantages in this area.

Old-age living in most developed countries is expensive, and moreover, inconvenient.

The social structure of extreme nuclear living in many developed cities means many pensioners go through the cycle of daily living by themselves.

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Background story

Affluent retirees might be able to live in India from only the interest income they earn, without even touching their capital or reallocating it to riskier financial assets.