New Delhi, Jan 5 || India’s care economy is expected to grow $300 billion and generate over 60 million jobs by 2030, with targeted investments in skilling, certification, formalisation, and demand creation, according to a report on Monday.
The report by Primus Partners positions care services, currently employing around 36 million workers, as one of India’s most under-recognised yet high-potential economic sectors.
It argues that rising demand for childcare, eldercare, disability support, rehabilitation, mental health, wellness, and long-term care is already reshaping India’s labour market, yet the sector remains largely outside formal economic planning.
“Women form the backbone of India’s care economy, yet much of this work remains informal and unprotected. Formalisation, fair wages and access to social security are essential to recognising care work and building a more equitable care system,” said Dr Meenakshi Hembram, Additional Director (HQ) and Head of Office, DGHS, Government of NCT of Delhi.