NPS corpus reaches ₹14.4 lakh crore mark

New Delhi

The National Pension System (NPS) has reached a major milestone, with its total fund size growing to ₹14.4 lakh crore and 8.4 crore subscribers across NPS and the Atal Pension Yojana (APY), said PFRDA Chairman Deepak Mohanty.

He spoke during the first 'International Research Conference on Pension 2025', jointly hosted by the Pension Fund Regulatory and Development Authority (PFRDA) and IIM Ahmedabad. The two-day event focused on strengthening India's pension coverage and promoting a financially secure future for all.

Mohanty highlighted the aim of creating a pension-inclusive society and maintaining financial stability in the pension system. Minister of State for Finance, Pankaj Chaudhary, stressed that with 19% of India’s population expected to be elderly by 2050, secure retirement income is becoming a national need. He urged a policy shift to make “Pension for All” a national goal.

Nagaraju Maddirala, Secretary of Financial Services, spoke about reforms including the Unified Pension System (UPS), which offers 50% of the last year’s basic pay as a pension. He said these reforms will help India build a stronger retirement framework.

Despite growth, India’s pension funds make up just 17% of GDP, far below the 80% average seen in developed countries. Experts at the event discussed ways to expand pension coverage, especially for gig and informal workers.

Sessions also focused on global best practices, new investment methods, and policy coordination to develop accessible and innovative pension products. The event marked a key step toward India’s goal of a more inclusive and reliable pension system.