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India’s retirement income replacement rate is just 35–40%: PFRDA chief explains why you need to save more

22 Aug 2026 · 22 Aug 2026

India’s retirement-income replacement rate is around 35–40%, below the global level of about 60%, PFRDA chief S. Ramann said. As PFRDA targets 30 crore NPS and APY subscribers, the regulator is urging Indians to build larger retirement savings through regular investments.

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