← Latest news 
PM Economic Advisory Council urges funding and pay reforms to formalise India care economy
Economy
Published on 5 May 2026
Care worker demand could top 30 million by 2050
A working paper from the Prime Minister’s Economic Advisory Council argues that India must treat childcare and eldercare as core economic infrastructure. It proposes a dedicated funding mechanism, better pay and conditions for care workers, and policy changes to shift care from a private responsibility to a formal sector. The report forecasts demand for care workers will exceed 30 million by 2050.
- EAC-PM wants care economy formalised through policy changes
- A special fund and improved pay are central to the proposal
- Demand for care workers could rise above 30 million by 2050
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times