A STUDY ON PUBLIC EXPENDITURE FOR HEALTH CARE IN INDIA FROM 1997-1998 TO 2012-2013
N. Jeny
Human resource is the only active factors of production that activates other factors in an economy. Now a day’s human capital at risk regarding their health that in turn makes them to contribute slow or dull to the economic development of a country. This situation is applicable to India too. With the population of 1.21 cores the Indian government spending only 1.3% in terms of GDP to health sector. On the one hand as the Indian government in recent years facing pressure of demand for higher budgetary allocation to health sector, on the other hand government is facing financial crunch. This paper examines governments expenditure for health care based on an annual series data from 1997-98 to 2012-13. It is confirmed that the governments overall health and health related expenditure is increased with low steady growth rate and also it is giving much priority to health sector rather than health related sector which helps in having healthy human capital. Hence this paper suggests the central government to take considerable steps for both the sectors.
KEYWORDS: Health, Health Expenditure, Health Related Expenditure, Government Expenditure, Human Capital
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Vol | : | 4 |
Issue | : | 10 |
Month | : | October |
Year | : | 2016 |