IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 3 2025
DOI: 10.56201/jafm.vol.11.no3.2025.pg91.97

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Exploration of Pension Fund on Indian Economy: A Literature Review

Samikshya Mishra, AK Das Mohapatra

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Abstract

Pension funds facilitate the accumulation of savings by individuals during their working period to meet their consumption needs in retirement. These savings can be provided in the form of a lump sum or an annuity. Additionally, the funds can be used for investment or consumption by corporations, other households, governments, or corporations. A comprehensive literature review was conducted in order to find relevant seminar references and journal articles for the present study. The present study has included papers that were not older than ten years. The purpose of the study is to examine the effect of pension management on economic growth of the country. The study came to the conclusion that contributory pensions may raise GDP if pension fund administrators and custodians managed risk and portfolios well (GDP). The results showed that retirement pension assets and economic growth were positively correlated. The study suggested that in order to protect the interests of pension fund owners, legislators and regulators of pension funds should come up with workable strategies for investing in pension fund in a way that would both significantly boost the economy and preserve the security of invested assets. The report also recommended removing administrative bottlenecks, corruption and delays in pension fund management in order to improve economic growth.

keywords:

Pension fund, Gdp, Economy, Assets

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