"Pensions can reshape an entire society." Ajay Shah and Renuka Sane discuss India's massive pensions crisis and its impact on society. They explore the origins and structure of pensions, the implications of increased longevity, and the unsustainability of India's current pension system. They also address the urgent need for pension reform and the challenges faced in implementing a new system. The speakers highlight flaws in India's National Pension System (NPS) and the pressures faced by government employees. Finally, they discuss the fiscal crisis and restrictive investment guidelines in India's pension funds.