A leading U.S. assisted living trade group has partnered with India’s first senior living group, reflecting the growing global demand for senior care facilities.
Indian senior living executives formed the Association Senior Living India (ASLI) at the Retirement Living World India Trade Show last December. Steven Vick, the director of the Assisted Living Federation of America and CEO of Signature Senior Living, attended the first-of-its kind event, and will serve on the board of ASLI. He joins founder and chairman Mansoor Dalal, chairman of Oasis Senior Commune-India, and Abdulla Kagalwalla of Signature India.
“The Indian senior living sector is still in its infancy and is expected to grow at a rapid pace in the coming years,” Vick said. “Senior living providers in India can learn a tremendous amount from the fits-and starts we had when senior living was in its infancy in the U.S.”
India’s elderly population is expected to double to 177 million people in the next eight years, and will continue to increase to 240 million by 2050, according to ALFA. Much of India’s young people — who traditionally have been caregivers to aging family members — are increasingly moving to the country’s urban centers, creating increased demand for senior care facilities.