In the context of steps taken/planned for our reforms, one area where we need to focus seriously is on communication, both internal and external. This should encompass convincing our domestic constituency about the experience and benefits of reforms which have to be carried forward for achieving the goals of inclusive growth by having a strong and resilient macro-economy.
It is important to note that the official retirement age (age of eligibility) contributes to designing labor market norms in that it works as a signal to both workers and employers, and affects the actual retirement age, thereby contributing to their preparations for continued employment.