Millions of hard-up retirees in India are sitting on a potential source of monthly income—their homes

Mint has reported a new India-focused economy development: “Millions of hard-up retirees in India are sitting on a potential source of monthly income—their homes.” The publisher's feed describes the story as follows: With a significant chunk of Indian household savings going into homes, many of the elderly are asset rich but income poor. Reverse mortgages can turn home equity into cash flow. While the idea never took off in India, its potential is enormous. Let’s make a go of it. Intellectual
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