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India Pension Fund Market Valued at US$ 38.23 Billion in 2023; Expected to Reach US$ 132.83 Billion by 2032 with a CAGR of 15.13% | Astute Analytica

07-31-2024 11:58 AM CET | Consumer Goods & Retail

Press release from: Astute Analytica

India Pension Fund Market Valued at US$ 38.23 Billion in 2023;

The ๐ˆ๐ง๐๐ข๐š ๐ฉ๐ž๐ง๐ฌ๐ข๐จ๐ง ๐Ÿ๐ฎ๐ง๐ ๐ฆ๐š๐ซ๐ค๐ž๐ญ was valued at ๐”๐’$ ๐Ÿ‘๐Ÿ–.๐Ÿ๐Ÿ‘ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ and is anticipated to achieve a market valuation of ๐”๐’$ ๐Ÿ๐Ÿ‘๐Ÿ.๐Ÿ–๐Ÿ‘ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, expanding at a remarkable compound annual growth rate (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ๐Ÿ“.๐Ÿ๐Ÿ‘% during the forecast period from ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

๐“๐ก๐ž ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž- https://www.astuteanalytica.com/request-sample/india-pension-fund-market

The robust growth in the Indian pension fund market is attributed to a surge in investments, supportive government policies, and an increasing focus on long-term financial security among the population. The market's expansion is further driven by the rising number of retirees, favorable demographic trends, and enhanced awareness about retirement planning.

๐Š๐ž๐ฒ ๐Ÿ๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐œ๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐ง๐  ๐ญ๐จ ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ'๐ฌ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข ๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐ˆ๐ง๐ข๐ญ๐ข๐š๐ญ๐ข๐ฏ๐ž๐ฌ: Strategic policy implementations aimed at expanding pension coverage and improving fund management.

โ€ข ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ: Diverse investment avenues offering attractive returns, which boost investor confidence and market participation.

โ€ข ๐‘๐ข๐ฌ๐ข๐ง๐  ๐‘๐ž๐ญ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐š๐ฏ๐ข๐ง๐ ๐ฌ: Growing awareness among individuals regarding the importance of retirement savings and financial planning.

The market's future growth trajectory is expected to be supported by ongoing developments in financial services and products tailored to the needs of the aging population.

๐“๐จ๐ฉ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ˆ๐ง๐๐ข๐š ๐๐ž๐ง๐ฌ๐ข๐จ๐ง ๐…๐ฎ๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ

โ€ข Aditya Birla Sun Life Insurance Company Ltd.
โ€ข Aviva Life Insurance Company India Ltd.
โ€ข HDFC Life Insurance Company
โ€ข HDFC Pension Management Company Limited
โ€ข ICICI Prudential Pension Funds Management Company Ltd.
โ€ข JP Morgan
โ€ข Kotak Mahindra Pension Fund
โ€ข LIC Pension Fund Limited
โ€ข Reliance Nippon Life Insurance Company Ltd.
โ€ข SBI Pension Funds Private Limited
โ€ข TATA AIA Life Insurance Company Limited
โ€ข UTI Retirement Solutions Limited
โ€ข Other Prominent Players

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ข๐š ๐ฉ๐ž๐ง๐ฌ๐ข๐จ๐ง ๐Ÿ๐ฎ๐ง๐ ๐ฆ๐š๐ซ๐ค๐ž๐ญ, ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ๐ฌ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐จ๐ง๐ญ๐š๐œ๐ญ:- https://www.astuteanalytica.com/industry-report/india-pension-fund-market

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

๐๐ฒ ๐๐ž๐ง๐ฌ๐ข๐จ๐ง ๐“๐ฒ๐ฉ๐ž

โ€ข National Pension Scheme (NPS)
โ€ข Public Provident Fund (PPF)
โ€ข Employee Provident Fund (EPF)
โ€ข Atal Pension Yojana
โ€ข Corporate Pension Schemes
โ€ข State Government Pension Scheme
โ€ข Central Government Pension Scheme
โ€ข Ex-Servicemen Contributory Health Scheme
โ€ข Annuity
o Deferred
o Immediate
o Guaranteed Period
โ€ข Others

๐๐ฒ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž

โ€ข High Income Group
โ€ข Middle Income Group
โ€ข Low Income Group

๐๐ฒ ๐’๐ž๐œ๐ญ๐จ๐ซ

โ€ข Civil Service
โ€ข Central Government
โ€ข State Government
โ€ข Railways
โ€ข Public Sector Undertaking (PSUs)
โ€ข Judiciary
โ€ข Municipal and Local Government Employees
โ€ข Police and Law Enforcement
โ€ข Education
โ€ข Healthcare
โ€ข Defence
โ€ข Others

๐๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง

โ€ข North India
o Uttar Pradesh
o Delhi
o Haryana
o Punjab
o Rajasthan
o Himachal
o J&K
โ€ข South India
o Tamil Nadu
o Karnataka
o Kerala
o Andhra Pradesh
o Telangana
โ€ข West India
o Gujarat
o Goa
o Madhya Pradesh
o Maharashtra
o Chhattisgarh
โ€ข East India
o West Bengal
o Bihar
o Assam
o Jharkhand
o Odisha
o Rest of East India

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/india-pension-fund-market

๐€๐›๐จ๐ฎ๐ญ ๐€๐ฌ๐ญ๐ฎ๐ญ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ญ๐ข๐œ๐š:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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