The Silver Economy: Enhancing Well-Being and Economic Inclusion of the Elderly Population in India

Author(s)	Mr. Divyal Bhushan Gupta, Prof. Dr. Rakesh Dwivedi
Country	India
Abstract	The demographic shift towards an aging population presents both challenges and opportunities for economies worldwide. The Silver Economy, focusing on economic activities catering to older individuals’ needs, emerges as a pivotal avenue for sustainable growth. This paper explores the concept of the Silver Economy, its economic and social implications for the elderly in India, and policy frameworks that support its development. Using a mixed-method research design with data from old age homes, it highlights the elderly's economic contributions, the critical challenges they face, and the importance of technology adoption and social inclusion. The study includes recommendations for integrating elderly-friendly policies foster intergenerational collaboration and digital inclusion to optimize the Silver Economy's potential.
Keywords	Silver Economy, Elderly population, Economic contribution, Ageing, India, Policy frameworks, Technology adoption, Intergenerational collaboration
Published In	Volume 7, Issue 4, July-August 2025
Published On	2025-08-24
DOI	https://doi.org/10.36948/ijfmr.2025.v07i04.54384
Short DOI	https://doi.org/g9x35q

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International Journal For Multidisciplinary Research