• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

Economic Survey-2021: Inequality and Growth: Conflict or Convergence?

January 30, 2021
in Economy
Reading Time: 3min read
0
Economic Survey-2021: Theme of the survey
128
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
  • The relationship between inequality and socio-economic outcomes vis-à-vis economic growth and socio-economic outcomes, is different in India from that in advanced economies.   
  • Both inequality and per-capita income (growth) have similar relationships with socio-economic indicators in India, unlike in advanced economies           
  • Economic growth has a greater impact on poverty alleviation than inequality      
  • India must continue to focus on economic growth to lift the poor out of poverty
  • Expanding the overall pie – redistribution in a developing economy is feasible only if the size of the economic pie grows

Healthcare takes centre stage, finally!

  • COVID-19 pandemic emphasized the importance of healthcare sector and its inter-linkages with other sectors – showcased how a health crisis transformed into an economic and social crisis
  • India’s health infrastructure must be agile so as to respond to pandemics – healthcare policy must not become beholden to ‘saliency bias’           
  • National Health Mission (NHM) played a critical role in mitigating inequity as the access of the poorest to pre-natal/post-natal care and institutional deliveries increased significantly
  • Emphasis on NHM in conjunction with Ayushman Bharat should continue
  • An increase in public healthcare spending from 1% to 2.5-3% of GDP can decrease the out-of-pocket expenditure from 65% to 35% of overall healthcare spending
  • A regulator for the healthcare sector must be considered given the market failures stemming from information asymmetry
    • Mitigation of information asymmetry will help lower insurance premiums, enable the offering of better products and increase insurance penetration
    • Information utilities that help mitigate the information asymmetry in healthcare sector will be useful in enhancing overall welfare
  • Telemedicine needs to be harnessed to the fullest by investing in internet connectivity and health infrastructure

JAY Ho! PM‘JAY’ Adoption and Health outcomes

  • Pradhan Mantri Jan Arogya Yojana (PM-JAY) – the ambitious program launched by Government of India in 2018 to provide healthcare access to the most vulnerable sections demonstrates strong positive effects on healthcare outcomes in a short time
  • PM-JAY is being used significantly for high frequency, low cost care such as dialysis and continued during the Covid pandemic and the lockdown.
  • Causal impact of PM-JAY on health outcomes by undertaking a Difference-in-Difference analysis based on National Family Health Survey (NFHS)-4 (2015-16) and NFHS-5 (2019-20) is following:
    • Enhanced health insurance coverage: The proportion of households that had health insurance increased in Bihar, Assam and Sikkim from 2015-16 to 2019-20 by 89% while it decreased by 12% over the same period in West Bengal
    • Decline in  Infant Mortality rate: from 2015-16 to 2019-20, infant mortality rates declined by 20% for West Bengal and by 28% for the three neighbouring states
    • Decline in under-5 mortality rate: Bengal saw a fall of 20% while, the neighbours witnessed a 27% reduction
    • Modern methods of contraception, female sterilization and pill usage went up by 36%, 22% and 28% respectively in the three neighbouring states while the respective changes for West Bengal were negligible
    • While West Bengal did not witness any significant decline in unmet need for spacing between consecutive kids, the neighbouring three states recorded a 37% fall
    • Various metrics for mother and child care improved more in the three neighbouring states than in West Bengal.
  • Each of these health effects manifested similarly when we compare all states that implemented PM-JAY versus the states that did not

Overall, the comparison reflects significant improvements in several health outcomes in states that implemented PM-JAY versus those that did not

Source: PIB & Economic Survey
Tags: PIBPrelimsSurvey

Related Posts

Investment Trends Monitor Report- UNCTAD

Investment Trends Monitor Report- UNCTAD

February 25, 2021
K-Shaped Economic Recovery

K-Shaped Economic Recovery

February 25, 2021
CONCOR

CONCOR

February 23, 2021
One Nation One Standard

One Nation One Standard

February 23, 2021
Nurturing Neighbourhood contest

Nurturing Neighbourhood contest

February 20, 2021
One Nation-One Grid

One Nation-One Grid

February 20, 2021
Integrated Command and Control Centre- Smart cities

Integrated Command and Control Centre- Smart cities

February 20, 2021
Superconducting Magnetic Energy Storage

Superconducting Magnetic Energy Storage

February 20, 2021
Feeder Separation

Feeder Separation

February 19, 2021
Labour Bureau

Labour Bureau

February 19, 2021
Please login to join discussion
February 2021
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
« Jan    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

AIR Down to Earth EU g20.utoronto.ca GS-1 GS-2 GS-3 GS-4 imi3.nhp.gov.in Kurukshetra Mains News Paper PIB powergridindia.com Prelims RSTV Science Reporter Survey Yojana Zee news
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Down to Earth EU g20.utoronto.ca GS-1 GS-2 GS-3 GS-4 imi3.nhp.gov.in Kurukshetra Mains News Paper PIB powergridindia.com Prelims RSTV Science Reporter Survey Yojana Zee news

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In