Current scenario of demand and supply of public health care system in India

N.PURUSHOTHAMA BHAT, Ph.D Research Scholar in Economics, Bharathiar University, India
And Asst Prof in Economics, Dr. Dayananda Pai- P Sathish Pai Govt First Grade College, India
Dr. M.GAONKAR GOPALAKRISHNA, Associate Professor, PG Department of Economics, Govt.  First Grade College, Udupi, India

The mixed economy of health care services in India has various dimensions like Allopathy, Ayurveda, Homoeopathy, Unani and Siddha are different systems of medicine available in the country. However, allopathy is the dominant system of medicine. Furthermore, healthcare system in India has grown over the years on account of an increase in demand for modern healthcare facilities, rise in awareness about diseases, health consciousness among people, increase in per capita income, changing lifestyle, transition in disease profile etc. However, the demand for healthcare services is led by households that have a spending capacity as the poor and vulnerable sections of society have restricted demand for such services. On the supply side, availability and advancement of modern healthcare facility has also contributed towards the betterment of healthcare services industry in India (CII, 2020). Regardless of this, the supply side constraint remains as public expenditure on healthcare is limited which in turn, provides an opportunity to private healthcare service providers. The government healthcare spending in India is only 1.04 percent of GDP. The government has decided to increase the spending on health care to 2-3 percent through the pronouncement of many policies such as National Health Policy 2002, National Health Policy 2015 and the National Rural Health Mission (NRHM). The result of such stagnation is felt at the failure of the health care delivery system to the people who need most and to expand the workforce in healthcare, even to train and retain the existing health care workforce. Today, India has all the resources to intervene and to provide better health care to those in greatest need, but the existing intervention and resources did not match the power of the health system to deliver in a better way and on an adequate scale.

Keywords: Health Care Services, Demand and Supply, Stagnation.

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Notes on contributors
Prof. Anubhuti Dwivedi, Dean (Academics) – Asian Business School, Noida, India
An academician with 18 years of experience in post graduate teaching and research in the area of Economics and Business Environment, Prf Anubhuti is a Doctorate in Economics and a double Post Graduate in Economics and Management. Her national and international publications include 6 books, 16 research papers and 2 cases. She has successfully completed an internationally funded research project funded for USD 7500 by New York University Stern School of Business and National Stock Exchange of India and presented papers in various conferences at reputed institutes. She has been in administrative positions where she developed the institutional framework and was at the core of various conferences, seminars, FDPs and MDPs while leading the team. She has recently been awarded with The Women of Excellence Award 2019 by Business View Magazine.

Dr. Maroof Ahmad Mir- Associate Professor – Asian Business School, Noida, India
Dr. Maroof Ahmad Mir is currently working as Associate Professor & Associate Dean- Academics in the area of Finance and Accounts. He has done his Ph.D. in the area of Finance from Aligarh Muslim University and has qualified UGC-NET in Management. He has completed his Master of Business Administration in Finance and Accounts from AMU, Aligarh. He has an overall experience of around 11 years and his areas of interest include Accounting, Investment Management and Financial Management. Dr. Maroof is the recipient of ‘Best Researcher Award’ at ABV – Indian Institute of Information Technology and Management, Gwalior in June 2013. He has taken courses on Econometric Modeling in Finance at IIT Kharagpur, IIM Calcutta, IIIT Gwalior, IMT Ghaziabad and National Institute of Securities Markets (NISM), SEBI. He has also attended various conferences and workshops at institutes of repute. He has presented his research work at various reputed organizations like IIM Ahmedabad, IIT Kanpur, IBS Hyderabad and such.
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Dwivedi, A. & Mir, M.A.  (2019). Mobile banking adoption in India: Decomposed TPB approach. Skyline Business Journal, 15(2), 1-12.