The National Pension System had approximately 17 million subscribers in the financial year 2023 across India. The scheme had succeeded in focusing on an inclusive pension system. However, a large proportion of India's population still remains under-represented in the pension schemes and there is vast room for growth in this sector. In 2004, the National Pension System Trust was rolled out by the Indian government and became the only universal scheme to handle assets and funds of all subscribers.
Subscribers under the National Pension System in India from financial year 2014 to 2023 (in millions)
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National Pension System Trust. (September 22, 2023). Subscribers under the National Pension System in India from financial year 2014 to 2023 (in millions) [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/1027918/india-national-pension-system-subscribers/
National Pension System Trust. "Subscribers under the National Pension System in India from financial year 2014 to 2023 (in millions)." Chart. September 22, 2023. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/1027918/india-national-pension-system-subscribers/
National Pension System Trust. (2023). Subscribers under the National Pension System in India from financial year 2014 to 2023 (in millions). Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/1027918/india-national-pension-system-subscribers/
National Pension System Trust. "Subscribers under The National Pension System in India from Financial Year 2014 to 2023 (in Millions)." Statista, Statista Inc., 22 Sep 2023, https://www.statista.com/statistics/1027918/india-national-pension-system-subscribers/
National Pension System Trust, Subscribers under the National Pension System in India from financial year 2014 to 2023 (in millions) Statista, https://www.statista.com/statistics/1027918/india-national-pension-system-subscribers/ (last visited May 11, 2024)
Subscribers under the National Pension System in India from financial year 2014 to 2023 (in millions) [Graph], National Pension System Trust, September 22, 2023. [Online]. Available: https://www.statista.com/statistics/1027918/india-national-pension-system-subscribers/