India would surely rank high on it
According to a recent report released jointly by Assocham and PwC, India is still way behind other BRIC countries when it comes to public spending on social sectors like health, education, providing access to healthy water, sanitation, schemes for elderly population et al. While India’s public spending on education and health was about 6% and 5% respectively according to the latest Indian Economic Survey, the same for its BRIC counterparts like Brazil, Russia and China is around 7.9% and 5.2% and 4.9% on health, and 12.8%, 12.9% and 10.2% on education respectively. The low public spending by India on health is visible by high mortality rate and growing health problems.
According to a recent report released jointly by Assocham and PwC, India is still way behind other BRIC countries when it comes to public spending on social sectors like health, education, providing access to healthy water, sanitation, schemes for elderly population et al. While India’s public spending on education and health was about 6% and 5% respectively according to the latest Indian Economic Survey, the same for its BRIC counterparts like Brazil, Russia and China is around 7.9% and 5.2% and 4.9% on health, and 12.8%, 12.9% and 10.2% on education respectively. The low public spending by India on health is visible by high mortality rate and growing health problems.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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