New Delhi, Oct. 1 -- India's growing participation in equities and mutual funds has not been matched by a similar rise in long-term retirement savings, Chief Economic Adviser V Anantha Nageswaran said, highlighting the need for households to move beyond short-term saving habits as the country's population ages.
Speaking at the Pension Fund Regulatory and Development Authority's (PFRDA) NPS Divas 2026 on Thursday, Nageswaran said Indian savers were increasingly willing to take market-linked risks, but had yet to commit a larger share of their savings for longer periods.
"The Indian saver has shown a willingness to accept market risk-or so we would like to believe," Nageswaran said. However, he added that committing money for a longer tenur...