<h1>Nearly Half of Working-Age Indians Struggle with Retirement Savings; Government Initiatives Aim to Boost Financial Inclusion.</h1> A survey by HSBC found that 47% of working-age individuals in India struggle with retirement savings, with 21% not having started at all. Indian households save more in physical assets than financial ones, with 19.1% of GDP saved, split between 11.4% in physical and 7.7% in financial savings. High inflation and limited banking access influence this trend. To enhance financial inclusion, the government has launched initiatives like the Pradhan Mantri Jan-Dhan Yojana, creating millions of bank accounts, and various savings schemes. These efforts aim to increase financial savings and improve the labor force's savings behavior.