This paper gives an overview of the situation of older persons (60+) in India with a special focus on demographic, psycho-social and policy issues related to the elderly in India. It also highlights the various challenges faced at micro and macro level towards the promotion of the health and well-being of older persons in India. In addition to this, it covers the contribution of various role players such as older persons, family, educational institutions, civil society, for-profit ventures and government in facing those challenges.In the end, based on the review of the situation of older persons in India, it suggests some action points which can be taken as a way forward towards promoting the health and well-being of older persons.