Feb 9, 2023
According to the 2023-24 Budget document, the total central government budget for health (not including research) will be roughly Rs 86,175 crore ($10 billion) — that is, roughly Rs 615 for every citizen.
As India aims to be a healthy nation, the only way to go is by increasing government investment and allocation for health. Elucidate. (150 words, 10 marks).
|Highlights for the health sector announced in the Budget 2023-24:
Launch of a new mission to eliminate Sickle Cell Anaemia disease by 2047.
Opening of 157 new nursing colleges and starting dedicated multidisciplinary courses for the medical devices.
Proposals to open up the facilities in select ICMR labs for research by public and private medical college faculty.
A call to the private sector R & D teams for collaborative research and innovation with the government.
Promote the research and innovation in pharmaceuticals through setting up the centers of excellence and a call to industry to invest in research and development in specific and identified priority areas.
Also read: India’s Draft Medical Devices Policy
Also Read: What are Green Debt Swaps and How Do They Work?
India currently spends about Rs 8 lakh crore ($100 billion) or about 3.2 percent of its GDP on health. Of this, the government (Centre and states put together) spends about Rs 2.8 lakh crore (about $35 billion) — roughly 1.1 per cent of the GDP.
The Government presents it on the first day of February so that it could be materialized before the beginning of the new financial year in April. Until 2016 it was presented on the last working day of February by the Finance Minister in the Parliament.
The government is estimated to spend Rs 45,03,097 crore in 2023-24. This is an increase of 7.5% over the revised estimate of 2022-23.
Union Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2023. The Finance Minister of India called it the first Budget in Amrit Kaal. The vision for the Amrit Kaal is an empowered and inclusive economy that is technology-driven and knowledge-based with a robust financial sector.
News Source: Indian Express
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