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An educated, healthy workforce is of crucial importance for any country that is aiming for sustained economic growth. In fact, empirical studies have shown that health improvements provide a significant boost to economic growth in developing countries.
It stands to reason then that health and education should top the agenda of the Modi government, which has promised to raise the pace of India’s economic growth to 7-8% in three to four years from less than 5% now.
In light of this fact, the lack of concrete measures for the healthcare sector in Finance Minister Arun Jaitely’s maiden budget speech was disappointing to say the least.
What disheartened me more was the fact that there was nothing in Mr. Jaitley’s speech that lived up to the BJP’s pre-election promise of introducing “radical reforms” in healthcare.