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India's Low Retirement Income Replacement Rate: PFRDA Urges Savings
India's retirement income replacement rate is only 35-40%, significantly lower than the global average of 60%. PFRDA chief S. Ramann emphasizes the need for Indians to enhance their retirement savings through consistent investments. With a goal of reaching 30 crore NPS and APY subscribers, the PFRDA is advocating for better financial planning to secure a comfortable retirement.
βοΈ AI Verdict
"Time to start saving for retirement before it's too late!"
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