India plans to increase its allocation for health to 2%-3% of its GDP over the next five years. Public spending on health was 0·94% of the gross domestic product (GDP) in 2004–05, which was among the lowest in the world. Private expenditure on health in India is about 78% as compared to 14% in the Maldives, Bhutan (29%), Sri Lanka (53%), Thailand (31%) and China (61%). Union health minister Ghulam Nabi Azad on...
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Three billion Asians could become affluent by 2050: Report by Sujorit Gupta
An additional 3 billion Asians could enjoy higher living standards, but only if Asia sustains its present growth momentum and addresses the challenges and risks facing the region, the Asian Development Bank (ADB) said in a new report on Wednesday. The draft report says that as the global economy's center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the...
More »One less mouth to feed by Shyamal Majumdar
A fortnight ago, Moin was beaten to death by his uncle who was the owner of the factory where the 10-year-old worked. Very few would have cared but for television, which brought the horrific images of his battered body into middle-class living rooms. But it’s doubtful if anybody would remember Moin’s tragedy once the TV cameras shift elsewhere. This has happened many times. Just a year ago, an engineer couple was...
More »‘High food prices, a new threat to Asia'
Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of this year, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In a report titled “Global Food Price Inflation and Developing Asia,” the Manila-based bank warned that a 10 per cent rise in...
More »ADB: Food prices may push millions of Asians into poverty
Poor families may find it tough to pay for medical care, children's education “Recent gains in poverty reduction made in Asia will be undermined” Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of 2011, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In...
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