A working paper from the Economic Advisory Council to the Prime Minister (EAC-PM) outlines a strategic framework aimed at formalizing India's care economy, which is expected to see a demand for over 30 million care workers by 2050. The paper, titled 'Re-imagining the Care Economy: From Private Burden to Social and Economic Infrastructure', emphasizes the need for a dedicated fund, skilled workforce, and policy reforms to enhance care services. Co-authored by experts including Shamika Ravi and Mitali Nikore, the proposal includes innovative financing mechanisms such as the Parivar Seva Kosh, a government-to-government fund. It also advocates for directing corporate social responsibility funds towards care initiatives and establishing a Carepreneur Fund to support entrepreneurs in the sector. Furthermore, the EAC-PM suggests developing public-private partnerships for investment in care facilities and implementing standardized training and certification for care workers. To support families, phased reforms in parental leave policies are also recommended, starting with paid paternity leave in the private sector.