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India's Health Spend Hits Rs 9.52 Lakh Cr
15 Nov
Summary
- Total health expenditure reached Rs 9.52 lakh crore in FY 2023-24.
- Households covered 42.66% of the total health cost.
- Government health expenditure slightly exceeded household spending.
India's total health expenditure for the financial year 2023-24 is projected to be approximately Rs 9.52 lakh crore. This figure represents nearly 3.29% of the nation's gross domestic product and amounts to Rs 6,801 per capita.
A substantial portion of this expenditure, Rs 4.06 lakh crore, is borne by households. This out-of-pocket expenditure (OOPE) constitutes 42.66% of the total health costs. OOPE covers costs families incur directly for services like doctor visits, medications, and hospital stays without insurance or government aid.
Government health expenditure, encompassing both current and capital spending, stands at Rs 4.14 lakh crore. This sum represents 43.5% of the total expenditure and slightly exceeds household spending. The Union government contributes about 32% to this, with state governments covering the remaining 68%.
Private hospitals account for the largest share of institutional spending at Rs 2.67 lakh crore (31.91%), followed by pharmacies at Rs 1.72 lakh crore (20.60%), and government hospitals at Rs 1.40 crore (16.77%).
