Public Health Expenditure and Its Effect on Indian GDP
- Obaidullah Manzoor
- Agency : GDP, Public Health Expenditure, Economic Growth
- Objective : To find relationship
between total health expenditure and economic growth in India.
- Background : Not Available
- Methodology : This study is based on an extensive literature review, the purpose of which is to identify, summarize and evaluate ideas and information to find relationship between total health expenditure and economic growth in India. In addition, the study uses secondary data analysis and the results of previous study by the authors to highlight the current status of healthcare in India.
- Findings : The
trend shows that there is an increase in GDP corresponding to the
increase in public health expenditure. The trend over last 10 years shows that
there is a positive correlation between public health expenditure and economic
growth of India.
- Recommendations : Healthcare
infrastructure in India is inadequate to meet the burden of diseases. So
to provide bulk of these, investments and incentives from the Government is
needed which would in turn lead to an increase in Indian GDP. Increasing public
health spending will result in a five- fold increase in real per capita health
expenditures by the government. So there is a strong need of government to
increase the share of public health expenditure.