What is understood and appreciated well is that when the economy improves, so does the health of its citizens. However, less understood, and rarely appreciated is the less obvious; that the opposite is equally true.
Most believe health is the ‘absence’ of illness. Our policymakers have mis-diagnosed the healthcare ecosystem and focused on short-termism. They look at healthcare from the narrow prism of ‘operational and technical’ infrastructure (hospitals and doctors) when the solution is social and economic. India’s current provision of just two per cent of GDP on healthcare expenditure is lamentable. Not only is the volume inadequate, the character of the investment equally demonstrates ‘short-termism’. Hospitals and the other ‘physicals’ are more ‘visible’ and a vote catcher and do increase the GDP, but the real multiplier is the investment made in the preventives.
Good health is an asset, has intrinsic value, and instrumental virtue
Health is acatalyst for a broader and virtuous growth cycle; and must bean integral part of economic discussions. And yet, investment decisions around health are evaluated purely as a cost. A Crux study across 14 states, with 1,500 people, 120 practitioners policymakers, health professionals and economists), highlights a co-integration between healthcare investment, health proxies life expectancy, workforce productivity, happiness, upward mobility) and economic growth.
Denne historien er fra December 03, 2022-utgaven av Businessworld India.
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Denne historien er fra December 03, 2022-utgaven av Businessworld India.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.