Moving towards a healthier India

February 24, 2015 by
Filed under: Announcements, Healthcare, Industry Update 

The stage is set for the Modi government to signal its seriousness about transforming India’s under performing healthcare system

With expectations running high about the Narendra Modi government’s first full-year budget, the stage is set for the centre to signal its seriousness about transforming India’s under performing healthcare system and committing investments for a long-term payoff for all Indians. By ramping up investments in healthcare, the government will have the perfect opportunity to start a virtuous cycle of health. It will improve productivity, enable greater consumption and boost economic growth, as well as help the Make in India campaign become a reality.

Healthcare reform can protect Indians from out-of-pocket expenditure burden, create 15 million additional health services jobs by 2025 and allow the country to emerge as a global hub for innovative, low-cost health products and services. As we have seen, a business-as-usual approach to health won’t work and can hurt India’s future growth, development and competitiveness. According to one estimate, the burden of non-communicable diseases (NCDs) alone will cost India $6.2 trillion by 2030.

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