My driver Des Raj is more than 70 years of age. He joined me nearly two decades back and has continued to work for me ever since. At an age when he should be sitting at home and enjoying the winter of his life after having worked hard all his life, he has to report to a job day after day. The word ‘retirement’ does not exist for him!
Old age financial insecurity is a challenging problem for India at large, and the concept of retirement and pension evades most of the working population, especially those in the low-income workforce.
At present, 90% of India’s 487 million strong workforce is employed in the informal sector and has no social security. They are employed as domestic helps, nannies, gardeners, cooks, drivers, guards, etc. Add to it your raddi-wala, dabba-wala, dhobi, watchman, the doodh-wala and so many more. Sadly, almost none of them have any cushion for their old age.