The Finance Ministry has created a National Investment Fund which currently has INR1800 crore and has earned an interest of INR 334 crore in last two years.FM Pranab Mukharjee said that the entire fund would be utilized for capital investments in targeted social sectors like healthcare, education .Indian health sector faces challenges such as increase in health care costs, high financial burden on the poor, need for long term and nursing care for senior citizens. Due to underfunding, preventive and primary care and public health functions are yet to meet their objectives. Sadly the percentage government spends on health care is somewhere around 6% of GDP but the substantial part of that is really coming from the private sector and is not coming from the government so it can easily be doubled. The health sector should get an industry status or a priority status. Indian health insurance industry stands at INR 5,125 crores with only a small section of the total population (around 2%) covered so far. Increased investment by government in Healthcare Infrastructure is expected from the coming budget. The budget for supplies must also be increased. The government’s expenditure on medication needs to go up tenfold.
Amitabh Vatsya
1st Year Student
Post Graduate Diploma in Industrial Management (PGDIM)
National Institute of Industrial Engineering(NITIE)
9619569674
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