The survey points out that 12.2% respondents from the south currently residing at a facility.
The survey found that 77% of seniors across the three survey regions live independently either in their own or rented houses.
Only 16% seniors said that they live with their children/grandchildren.
“Over the next few years, senior population will constitute a significantly important consumer segment and will need specialized services and products for a hassle-free ageing experience,” said Rajit Mehta, MD and CEO, Antara.
Antara is a wholly owned subsidiary of Max India Limited. It is an integrated service provider for all senior care needs and operates two main lines of businesses – residence for seniors and assisted care services.
The survey was conducted across urban India, with a focus on the North (Delhi-NCR), the West (Mumbai & Pune), and the South (Chennai, Bangalore & Hyderabad), covering over 2,000 seniors aged 55 and above.
Among their major concerns during the lockdown, nearly 30% feared contracting the coronavirus, while 29% seemed to be impacted by social isolation due to restrictions on account of the lockdown.
In another finding, 64.2% seniors in the survey felt that increasing unemployment and slow economic growth are major issues that affect India’s growth. Close to 59.4% also said that corruption is a serious threat for India’s development.
