The demographic shift towards an aging population presents both challenges and opportunities for economies worldwide. The Silver Economy, focusing on economic activities catering to older individuals’ needs, emerges as a pivotal avenue for sustainable growth. This paper explores the concept of the Silver Economy, its economic and social implications for the elderly in India, and policy frameworks that support its development. Using a mixed-method research design with data from old age homes, it highlights the elderly's economic contributions, the critical challenges they face, and the importance of technology adoption and social inclusion. The study includes recommendations for integrating elderly-friendly policies foster intergenerational collaboration and digital inclusion to optimize the Silver Economy's potential.
Gupta et al. (Sun,) studied this question.