Providing assured pensions for government employees in India can have various impacts on the economy and society. Here are some of the effects of implementing assured pensions for government employees:

• Increased financial stability for retired government employees: Assured pensions provide retired government employees with a stable source of income, which can alleviate financial stress during their later years. This can also reduce the need for government welfare programs targeted towards senior citizens.
• Attraction of talented professionals to government jobs: The provision of assured pensions can make government jobs more attractive to talented professionals who may be hesitant to take up lower-paying public sector jobs without a secure retirement plan.
• Positive impact on the economy: Assured pensions can have a positive impact on the economy as retired government employees can continue to contribute to the economy through their spending.
• Limited resources for the government: Providing assured pensions can be expensive for the government, limiting resources that can be directed towards other sectors of the economy, such as healthcare, education and infrastructure.
• Pressure on the pension system: As the proportion of retired government employees continues to grow, the pension system may come under pressure to fulfill payment obligations. This can place a strain on the government's finances and may require reform of pension schemes.

Overall, assured pensions for government employees have both advantages and challenges for the Indian economy and society, requiring careful consideration and balanced policy measures.