Introduction: The demographic structure is changing with a continuous increase in the proportion and number of older adults. Complementary to it, the proportion of younger cohort is decreasing, levying a more significant challenge to the care and well-being of older population. Methodology: This study is based on the 60 and above population using two rounds of the National Sample Survey, the 61st, 2004-05 (34,831) and the 75th, 2017-18 (42,762). For analysis, Descriptive statistics and the Probit regression model were employed. Results: The Results show that although the highest proportion of elderly was completely dependent (61st round: 52% and 75th round: 47%), partial dependence had increase by 10% in 15 years. Poor SRH was higher among economically dependent older adults and remained so after considering socio-economic factors. Conclusions: This study recommends policy interventions related to social-welfare schemes for geriatric health—further, consideration of providing pensions to economically vulnerable social sections.