Health spending is on top of the government’s agenda as it hopes to make it 4% of GDP in the next 4 years
Bengaluru: Health spending is on top of the government’s agenda as it hopes to make it 4% of GDP in the next 4 years.
With this, it also means that the government hopes to fix the health system.
Reports add that India will likely raise its health spending to 1.2-1.3 trillion rupees in the fiscal year starting April 1, from the current year's projected spending of 626 billion rupees, as reported by Reuters.
The announcement in this regard will likely be made by Nirmala Sitharaman on February 1.
It is to be noted that, even after decades of high growth, the country's spending on healthcare has been a meagre 1.3% of GDP, way below BRICS peers and developed countries.
Sadly, India’s abysmally bad medical infrastructure was put on exhibition during the coronavirus pandemic relief when states put up temporary COVID-19 relief tents and hospitals struggled to get beds and oxygen cylinders.
India’s Atmanirbhar Bharat vision:
Prime Minister Narendra Modi announced to the country his vision of Atmanirbhar Bharat, in which he envisions an India that is self-reliant and turns out to be the manufacturing hub of the nation.
It is also to be noted that the Prime Minister wants to lay stress on local products. That is why he came up with the slogan of ‘vocal for local’.
India exports vaccines:
While the whole world struggles to douse the fires of the pandemic, India has provided the much needed succour as it has exported the required vaccines.
Till now, Nepal, Maldives, Brazil are among those countries which have received the requires doses.
Many nations have placed requests for more doses and those nations that have received the vaccines have acknowledged India’s role and large-heartedness.
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Last Updated Jan 26, 2021, 6:41 PM IST