In India, private spending on health is 4.2% of GDP. More than 70% of all health expenditure in India is paid for by people from their own pockets and this expenditure has been rising, especially for the poorest with increasing privatization of healthcare. According to a Planning Commission paper of May 2009, several studies conducted in villages showed that healthcare expense was responsible for over half of all the cases...
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How Bihar can rise as a developed state by Kailash Nautiyal
It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...
More »Indians spend 25% of income on food, 1.5% on health, 1.4% on EMIs
Of Indian households’ total annual income, 0.22 per cent is spent on buying newspapers — that is, if total national household annual income was Rs 100, 22 paise would be set aside for newspapers. Paying off bank loans (expenditure under equated monthly instalments) takes up 1.4 per cent of total household annual income. The share of health expenditure is 1.5 per cent, and that of education expenditure, 3.21 per cent....
More »The unsettled debate on Indian poverty by R Ramakumar
The Tendulkar Committee has pitched for a policy position that is stranded between the harsh realities of poverty and a fiscally conservative neo-liberal framework. The debate on the extent of poverty in India has been a matter of global interest in the recent years. The primary reason for the global interest in the debate is that the levels of poverty in India and China have come to exert significant influence...
More »India wins slowdown battle; defeated by rising prices in ’09 by Chandra Shekhar and Rakesh Pathak
India achieved the distinction of being the second fastest growing economy amid the global recession in 2009, but the joy was marred by the decade’s sharpest rise in food prices to the chagrin of common man. For a country that continued to lose on its exports throughout the year that has gone by, economy achieved a remarkable growth of about 7% (during April- September 2009) on the back of focused government...
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