India to Increase Its Allocation for Healthcare Sector

by Medindia Content Team on  January 16, 2007 at 5:34 PM Indian Health News   - G J E 4
India to Increase Its Allocation for Healthcare Sector
New Delhi: India will endeavour to increase allocation for the health sector from a dismal 0.9 percent of gross domestic product (GDP) to two percent, Minister of State for Industry Ashwini Kumar said Monday.

Speaking in a Global Healthcare Conference organised by the industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI), Kumar said the government had in the past shown a very insignificant level of commitment to healthcare and that was reflected in a mere 0.9 percent of the GDP being devoted to public health.

It would be the endeavour of the United Progressive Alliance (UPA) government to increase the figure to at least 'two to three percent of the GDP in the years ahead', the minister added.

He said that industry too must invest in social sectors like health and education to make growth and economic development meaningful to people.

Source: IANS

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