Subjective well-being is now an important area of research. We carried out the first all-India analysis of swb focused on economic well-being based on the only all-India panel survey that covers 2005 and 2012. While economic factors such as affluence and employment are important covariates, age, gender, health, caste, and schooling are other important covariates. Existing policies fail to provide adequate protection to old people living with non-communicable diseases and disabilities. An important challenge going forward is strengthening policies that will enable healthy ageing.