Government expenditure on healthcare in India should be increased to at least 4% of the nation's gross domestic product (GDP) in order to meet the basic requirements of healthcare, a study by consultant Ernst & Young has revealed.
The current expenditure on healthcare in India is just 1% of the GDP.
AdvertisementEighty-percent of urban households and 90% of rural households are unable to manage the cost of in-patient treatment which is close to 50% of their annual household expenditure, and this is a big strain on their financial capacity.
The extent of money spent on healthcare in a country is a parameter of the social and economic progress of the nation and is one key reason for the population sinking into economic difficulties.
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