People from Gujarat are more aware and conscious about investment for retirement, said a survey report prepared by Reliance Capital Asset Management (RCAM). According to the survey, 55% of Gujaratis are thinking that their retirement plan is an important goal for them and 71% are considering buying a retirement plan at the age of 30 years to 40 years. More than 60% of the respondents in India said that they would like to start saving for retirement before 40 years.

India's per capita retirement and pension assets as a percentage of GDP are amongst the lowest in the world. It has 15.1% of retirement assets (as a percentage of GDP), points out the survey report.

The survey have indicated that the joint family system has dropped from 35% to 31% in the last 5 years, Also, the number of people ( aged 41-55 years) living alone has increased from 31% to 34% since 2008. Shift in the family structure which will have an impact on the retirement planning behaviour in the next 5 years.

The survey has been conducted online pan India in collaboration with IMRB International.