Profile
Settings
Refer your friends
Sign out
The quality of life index for elderly is developed by the Institute of Competitiveness. The creation of such an index is requested by EAC-PM. Multiple factors predict a high quality of life for seniors. Economic empowerment, social status, basic health, educational attainment, employment, physical security, social security, psychological well being, and a free environment. The report efficiently identifies the patterns of ageing in a particular region across the whole nation and analyses the entire ageing situation. From this report, it can be inferred about the quality of support provided to the population that is ageing in India.
An overview
The Quality of Life index for elderly assists the government and organisations in monitoring and understanding the wants and needs of the elderly population. Not only does the index focus on the regulation of pensions and other income forms, but it also does work far beyond that. The framework consists of four pillars, i.e. 1) Financial well being, 2) Health systems, 3) Social well being, and 4) Income security.
These factors predict a high quality of life for seniors. Sometimes, the policies created for the elderly are based on narrow critical thinking, which creates a lack of understanding of the needs of this group. It should be noted that the most efficient way to improve the quality of life of the old people is by making a huge investment in health, employment, and education for the young people. To fight the “greying cum ageing” problem in India, a team at the Institute of Competitiveness created a report on the issue. India is considered a young country, but like every other country, India is going through a fast demographic transition process.
Key points from the Quality of Life index for elderly report
It is a very challenging task to make policies for elderly people without properly understanding their condition. With an appropriate diagnostic tool, policymakers can build better schemes and services for them. The index promotes and ensures healthy competition between the states through ranking in terms of current conditions of the elderly and by highlighting the pillars that need improvement. The state governments identify the segments they need to focus on and work on to give good quality, comfortable life to the older generation. The pillar of the health system witnessed the highest national average of 66.97 per cent. The pillar of social well being observed is 62.34 percent national average. The Financial well-being pillar witnessed a 44.7 percent national average. Taking the pillar of income security, States performed worse. More than half of the states have observed a score of less than 33.03 per cent, which is below the average of the nation. All these pillars, when analysed together, help the central and state government to form laws for the elderly accordingly.
Conclusion
Population ageing is a very critical issue that is being overlooked. As per the Longitudinal Ageing Study in India (LASI), individuals above the age of 60 will get tripled by 2050. Currently, the population of people above the age of 60 is about 104 million. It is estimated to reach 319 million by the year 2050. The Quality of Life index for elderly examines and analyses the overall well being of the older population on the basis of indicators classified into four pillars. There are eight sub-pillars, too, on whose basis assessment is done.
