Meanwhile where majority of the population can’t afford their treatment in these high end hospitals, on the other hand there are less than required facilities in government healthcare institutions. In this article we will read about, what the ruling political party of India has in mind for the current healthcare facilities.
Healthcare Industry in India
Healthcare industry in India includes both public and private sector at limited secondary and tertiary care institutions in key cities and primary healthcare centres in rural areas whereas at private sector there are various secondary and tertiary healthcare institutions in metro areas and cities. During the decades after independence there has been a significant increase in technology as well as in services. Healthcare Industry not only includes health services but also medical tourism, health insurance, equipments and medical studies. Healthcare industry in India is expected to grow by 20-25 percent by the year 2020, which would be around $133 billion. Government is also set to increase the percentage of GDP spending to healthcare industry. Government aims to spend 2.5% of the GDP on healthcare.
India with it’s increasing healthcare sector is set to become a land of opportunities in every segment which includes doctors, patients and medical technology. Healthcare businesses due to tremendous increase in competition are looking to explore the latest trends which will provide huge profit to their business.
Another reason for India's competitive advantage is the success rate of Indian companies in getting Abbreviated New Drug Application (ANDA) approvals. Overall, there are vast opportunities for investment in healthcare infrastructure in both urban and rural India.
Crisis in Indian Healthcare System
Despite of having such a vast healthcare system there remains a huge difference between rural and urban medical facilities. Rural areas often suffer from lack of technology and even the staff in the healthcare facilities. Healthcare institutes are mostly managed by state government, which often leads to a huge difference between healthcare facilities of a poor state and that of a developed state.
On the other hand, due to lack of medical facilities people had to shift from public to private healthcare institute which is not relatively possible for the poor class of people. Even health insurance is not much effective to the said class of people. Another drawback for Indian healthcare system is it’s weak infrastructure. There is not enough manpower as well as capital investment by the country. India faces an acute shortage of beds in hospitals, it is nearly impossible to accommodate every patient with the given amount of beds. The ratio for bed per 1000 persons is way much less than the required digit of 1 bed per 1000 population as defined for the low income countries by WHO.
Modi Government towards Healthcare Institutes
Talking about the drawbacks, Modi government is worried about the high end out of pocket expenditure, the given class of people are paying to avail medical and healthcare services. For the said purpose Modi government has launched “Ayushman Bharat Yojana”, having two fold job i.e. providing cashless health insurance cover up to Rs 5 lakh per family per year and providing comprehensive primary care at a facility near the community, for which the Centre will start 1.5 lakh health and wellness centres by 2020. Along with the scheme, the government is also set to increase it’s spending on healthcare facilities from 1.5 to a total of 2.5 percent of the GDP which is 345 percent more than the current share.
Hello people! I am Yatharth Sharma. I am a Journalism student pursuing the course from Galgotia University. I have a great interest in politics and literature and love to write about it.
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