The new wave of outsourcing?

In a recent article by Prashant Agrawal published in Mint he puts forward the idea of India becoming the world’s retirement home.

It’s a fascinating idea. While there may be a few issues which may prevent it from happening like families wanting their elderly to be closer; it does provide India with an opportunity to tap into something new which would provide many job opportunities.

If such retirement communities are built in smaller towns & cities it would really help in developing such places. It would increase the demand for Cement (owing to construction of homes), Medical facilities (the elderly would require them on a regular basis), Telecommunication facilities among other things. This would keep the Indian industry in good spirit as the market for their products would keep increasing. It would also improve the tax collections of the government. The direct & indirect jobs created would also be many in number.

While it would also mean the available resources of India would be shared by a larger pool of people, the overall benefits would far outweigh the drawbacks. A move like this will be a win-win scenario for all the parties involved, India as well as the "outsourcing" country. The government should look at such “innovative” ways of keeping the Indian economy growing.

But will the Indian government push for it? The recent events, unfortunately, do not provide a positive answer.