India is the worst place for retirement; worst in healthcare system too

Zee Media Bureau

New Delhi: Even as the government is making all efforts to push growth and improve the living conditions of the people, a global survey has revealed that India is the worst place for retirement.

The Natixis Global Asset Management's fourth annual Global Retirement Index (GRI) released on Tuesday has ranked India last (43) out of 43 countries.

Norway is the best country for retirement followed by Switzerland and Iceland.

New Zealand, Sweden, Australia, Germany, Netherlands, Austria and Canada completed the top 10.

The list was cut down to 43 countries as against 150 in the previous years.

Of the 43 countries, 34 were from the IMF's advanced economies, five from OECD and four from BRICS.

Of the 150 countries, India had ranked 88 last year.

The survey also ranked India with the worst in healthcare system with Health index score of just 4 percent, the lowest score in any sub-index in this year’s GRI.

India has the lowest ranks for health expenditure per capita, non-insured health expenditure and life expectancy out of all countries measured in this year’s GRI, the survey pointed out.

“While people in urban areas have greater access to adequate healthcare services, India’s massive rural population is still denied basic healthcare,” the survey said.

In the health index, Luxemburg top the chart followed by Netherlands and Norway in the second and third place respectively.

France, Japan, Switzerland, Unitd States, Germany, Canada and Iceland completed the top 10.