As India inches towards its goal of universal healthcare, there is a need for the budget to try to ensure that healthcare sector requirements are well funded and the budget contains provisions that energise accessible, affordable and quality healthcare. Here’s what the government can do to boost the healthcare sector.
India’s annual healthcare spend hovers around 4 per cent of GDP with high out of pocket expenditure and low public spend on healthcare (only around 1.18 per cent of GDP). As India inches towards its goal of universal healthcare, there is a need for the budget to try to ensure that healthcare sector requirements are well funded and the budget contains provisions that energise accessible, affordable and quality healthcare. We expect the government to focus on various fiscal and non-fiscal measures to help improve the current healthcare situation in the country.
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