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Booster Dose
With record healthcare expenditure and allocations focussing on mitigating the impact of Covid-19, it s a shot in the arm for the sector
Illustration by Raj Verma
The highest-ever healthcare allocation in a budget will provide the much-needed boost to the ailing economy, and pave the way for a robust, holistic public healthcare infrastructure to tackle future pandemics, according to industry experts.
The Budget outlay for Health and Wellbeing for 2021/22 came in at a record Rs 2,23,846 crore, a 137 per cent increase over this year s Budget estimate of Rs 94,452 crore. It is about 1.6 per cent of India s projected Gross Domestic Product (GDP) at Rs 134.4 lakh crore for 2020/21. Finance Minister Nirmala Sitharaman, who earmarked Rs 35,000 crore for Coronavirus vaccination as a short-term overall reset to correct the ailing economy, also announced a two-pronged strategy after listening to experts in the sector.
Budget 2021: PM Atmanirbhar Swasth Bharat Yojana to boost health infrastructure
2021 budget allocation for healthcare sector: The budget, which allocated Rs 2,23,846 crore for health and wellbeing launched a new centrally sponsored scheme, PM AtmaNirbhar Swasth Bharat Yojana, with an outlay of about Rs 64,180 crores over 6 years
PB Jayakumar | February 1, 2021 | Updated 16:24 IST
In February 2018, the Indian Government had announced Ayushman Bharat Program (ABP) with two components of Health and Wellness Centres (HWCs), to deliver comprehensive primary health care (PHC) services to the entire population
Union Finance Minister Nirmala Sitaraman s Budget for 2021-22 has given an unprecedented boost to create healthcare infrastructure in the country, a sector ignored over the years for many decades, feel experts.
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2020 was a year full of challenges for livelihoods and the overall economy of the country, sparked by the COVID-19 pandemic. According to the
National Statistical Office (NSO), India s GDP is estimated to contract by a record 7.7 percent during 2020-21 fiscal as the pandemic severely hit key manufacturing and services segments.
The Union Ministry of Finance is all set to roll out additional measures to revive the slowing economy, post the Rs 20 lakh crore COVID-19 relief package announced in May 2020.