Year: 2017 | Month: June | Volume 62 | Issue 1
Issues and Challenges of the Health Sector in India
DOI:10.5958/0976-4666.2017.00028.6
Abstract:
Human capital is considered as one of the determinants of economic growth. The stock of human capital increases through better education, higher levels of health and new learning and training procedures. A country may not be able to maintain a state of continuous growth without having labor force with the minimum levels of education and health. Underdeveloped countries like India have lower levels of human capital and therefore face difficulties in competing with developed countries. There is a two way relationship between better health and economic growth. Better health increases workforce productivity and in this way supplements economic growth and development. On the other hand, improving the health and longevity of the poor is an important goal of economic development. Though there has been a significant improvement in health indicators in the last two centuries yet the country still lags behind on these indicators from that of developed countries. This paper shows how health plays an important role in the economic development of a country. While good health enhances productivity and hence improves earnings, higher income also exerts a positive influence on health. The paper also discusses the impact of several health programmes implemented by the policy makers on India’s health indicators. The challenges faced by this sector have also been discussed in this paper. The paper suggests that underdeveloped countries can reduce poverty and inequality by investing more in the Health sector.
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