The statistic of 77 lakhs (7.7 million) pensioners in India exceeding the number of active government employees highlights a demographic challenge. Several factors contribute to this situation. Firstly, India’s aging population is growing, leading to a larger retired workforce. Secondly, reforms in government jobs and a focus on automation have reduced new hiring, further tilting the balance. This situation has fiscal implications as the government needs to allocate a significant portion of its budget for pension payments, which can pose sustainability concerns and necessitate ongoing reforms to manage this demographic shift effectively.
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