Four months have passed since India’s New Pension Scheme was rolled out to the public with a big bang and what a whimper it has been. Only 1,500 people have joined the scheme and the corpus
has touched a mere Rs. 2.5 crore. Early reports indicate three major shortcomings are holding back the scheme’s wider adoption: The tax liability on retirement, the limit of six in the choice of fund managers and the fact it is not an employer-sponsored scheme.
(This story appears in the 11 September, 2009 issue of Forbes India. To visit our Archives, click here.)