What is retirement-income replacement rate that Indians are lagging in?

PFRDA chief S Ramann told The Hindu that India's retirement-income replacement rate is currently around 35-40%, well below the 60% level considered appropriate globally. The rate indicates the percentage of a person's pre-retirement income that they'll be able to earn post-retirement. He urged people to invest more for their retirement to ensure they can continue their pre-retirement lifestyles.