ABSTRACT
India’s pension sector is extensive in its breadth, and yet, it has neither generated suffi cient levels of coverage, nor, for those who are covered, delivered adequate retirement outcomes. In large part, this is because the foundation of India’s pension system is based on formal employment arrangements in the organized sector of the economy that captures only a small percentage of the paid workforce. Policy and regulatory efforts aimed at expansion of the New Pension Scheme (NPS) to the unorganized sector workforce on a voluntary basis are intended to address this coverage gap, at least in part.
