Financial adviser Nilanjan Dey launches book on India’s great pension crisis | India is blooming
Calcutta/IBNS: Indians are on the brink of a dire retirement crisis, Calcutta-based financial adviser Nilanjan Dey says as he makes his writing debut by launching his first book – No Room For Less – addressing a concern that is not often discussed in the media. or other forums.
Dey, a former business journalist, is the director of Wishlist Capital, which caters to the financial planning needs of the affluent mass (read the middle-class household with some annual income) and specifically targets the retirement market.
Dey said the book is about the government facing a huge funding problem. Despite the reformist agenda pursued by the pension regulator in recent years, the challenge remains daunting, not least because ordinary Indian households have little knowledge of retirement planning.
No Room For Less focuses on three important issues: recent pension reforms in India, current pension legislation and popular pension products for savers.
The book concludes that Indians are on the brink of a terrible retirement crisis in the absence of proper planning by the people.
While the three points are super critical, what seems particularly infuriating is how pension reforms are shaping up, he said. The government has launched powerful measures, but its implementation is ineffective, he added.
Indians are not yet familiar with the idea of methodical retirement savings. “The large basket of products we have in front of us is not enough. All eyes, for example, are fixed on the annuity – we just don’t know what stupid product it really is,” he said. .
At a time when inflationary trends are so strong and economies so out of balance, we need the pension agenda to emerge well and truly, he said.
The book is available on Amazon and Flipkart.