PFRDA chief puts India’s retirement-income replacement rate at 35–40% versus 60% global level
Pension Fund Regulatory and Development Authority Chairman S. Ramann reported that India's retirement-income replacement rate stands at 35–40%, significantly lower than the global average of 60%. He emphasized the need for greater investment in retirement funds as the PFRDA aims to reach 30 crore individuals through the National Pension System and Atal Pension Yojana in the next four to five years.