India’s retirement planning problem may be bigger than it looks. In this episode of The Core Report Special Edition, Financial Journalist Govindraj Ethiraj speaks with Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers, about the ₹25 crore retirement reality, why retirement planning in India is getting harder and why even ₹5.5 crore may not be enough.Saurabh Mukherjea argues that the real question is not how much people are saving today, but whether their assumptions about inflation, longevity and earning years are realistic. Using the example of Radhika, a 35-year-old professional spending ₹1 lakh a month, he shows how ₹5.5 crore can become ₹7.5 crore with a longer lifespan, ₹15 crore with higher inflation and ultimately the ₹25 crore retirement reality if the cost of living for affluent Indians is closer to 9%.The conversation explores three forces that could disrupt retirement planning in India. Indians may live longer than expected, healthcare and education costs may rise faster than headline inflation, and peak salaried earning years may end earlier as gig work becomes more common.Saurabh Mukherjea also explains why global diversification could become central to long-term wealth creation. He discusses Indian equities, S&P 500 index funds, global ETFs, bonds, gold, liquid funds, multi-asset portfolios and investing internationally through GIFT City. He also questions whether concentrating most savings in India remains sensible when India represents only a small share of global stock markets.Govindraj Ethiraj and Saurabh Mukherjea discuss retirement planning, inflation in India, medical inflation, asset allocation, mutual funds, the Indian stock market, global investing, household debt, declining savings, social media-led consumerism, smaller cities, real estate, the gig economy and the future of work. They also examine what these shifts could mean for professionals, entrepreneurs and business families.At the heart of the conversation is a bigger question. If Indians are likely to live longer, work differently and face higher costs, how much money will they really need for a financially secure retirement?Chapters:02:46 Why You Need to Start Thinking About Retirement Now 12:28 Does the Cost of Living Always Have to Rise? 15:46 Could Competition Ease the Cost-of-Living Crisis? 16:06 Will Working Longer Change Retirement? 19:52 Can Medical Advances Change Retirement? 22:07 Will Capital Become More Global? 24:24 Can Changing Growth Rates Rewrite Retirement? 31:51 Where Should You Invest for the Next Decade? 34:04 How Should You Build Your Retirement Portfolio? 38:09 What Should Your Investment Strategy Look Like? 39:31 Is Global Diversification Defensive or Strategic? 42:27 Q&A: What the Audience Wants to Know Watch the full conversation for a deeper understanding of the ₹25 crore retirement reality, retirement planning in India and how Saurabh Mukherjea believes Indians should rethink work, savings and global investing.This conversation is for information and educational purposes only. It should not be treated as personalised investment advice.What is the ₹25 crore retirement reality every Indian must know? Saurabh Mukherjea tells Govindraj Ethiraj why retirement planning in India is becoming harder as inflation, longevity and medical costs rise. Watch The Core Report to learn how Indian equities, global investing, asset allocation and a diversified retirement portfolio could help build long-term financial security.#RetirementPlanning #SaurabhMukherjea #PersonalFinance #GlobalInvesting #TheCoreReport #TheCore