The present invention is to provide an orange ink composition for inkjet recording high in color saturation and gloss, while having long storage stability and jet stability, and also to provide an aqueous pigment dispersion mainly composing the ink composition. The aqueous pigment dispersion which contains a styrene-acrylic acid copolymer containing 60% by mass or more of styrene-based monomer units with respect to total monomer components and having an acid value of 130 to 200 and a weight-average molecular weight of 6,000 to 40,000, an alkali metal hydroxide, a wetting agent and C. I. Pigment Red 168 is excellent in storage stability and high in gloss. Further, an ink composition for inkjet recording mainly composing the aqueous pigment dispersion reflects an excellent dispersibility of the aqueous pigment dispersion, thereby having a favorable jettability and excellent light fastness.