Why India’s most efficient retirement product still hasn’t gone mainstream

Why India’s most efficient retirement product still hasn’t gone mainstream


India’s National Pension System remains one of the lowest-cost retirement products, but fresh enrolment growth is slowing. Here’s why adoption remains limited despite strong returns, tax benefits, and regulatory support.

By Anshul  April 29, 2026, 8:15:54 AM IST (Published)
India’s retirement savings story has a paradox at its core. The National Pension System (NPS) is among the lowest-cost, most structurally efficient long-term investment products available to investors today. Yet, despite its clear advantages, it continues to remain underpenetrated.

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