Preparing for the #Pandemic and accelerating #Growth by creating naturally high value-adding, low capital-intensity jobs in the healthcare sector: My perspective
financialexpress.com/opinion/how-to…
@EKumarSharma @FinancialXpress
financialexpress.com/opinion/how-to…
@EKumarSharma @FinancialXpress
A healthcare job creates a nominal value-added of ~Rs. 5.8 lakhs 1 per year, compared with ~4.40 lakhs for an average job in the Indian economy. In addition, it has backward linkages with much higher value-adding jobs in the pharmaceutical & medical equipment mfg. businesses.
A healthcare job requires an investment of ~ Rs. 9.1 lakh, compared to Rs. 10.1 lakh for an average Indian job. In other words, a healthcare job is a low capital intensity and high value-adding job.
"..investment in healthcare would also help build confidence among the Indian households and businesses, improving our mental and physical health and thereby willingness to take risk."
"..the consumer confidence is at the lowest level in nearly a decade. At this stage of India’s development, we cannot afford to have weak confidence turn into hopelessness." 
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