India’s healthcare expenditure lowest in the world: KPMG

The country’s total healthcare expenditure is at about 4.1% of GDP, among the lowest in the world, according to OPPI – KPMG background paper

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Mr Utkarsh Palnitkar, Partner and Head, Infrastructure, Government, Healthcare and Life Sciences, KPMG India

Non-communicable diseases (NCDs) account for nearly 60 percent of deaths in India annually. The country is estimated to lose $4.58 trillion by 2030 due to them.

India clearly faces a large and looming economic and wellness burden and prioritising healthcare has never been more critical. It is imperative that all stakeholders collaborate and increase their commitment towards a patient-centric healthcare ecosystem.

The ‘KPMG - OPPI background paper on healthcare access initiatives' presents the current healthcare scenario in India and the future burden should there be a further delay in access initiatives; it also summarizes the various interventions undertaken by member companies of the Organization of Pharmaceutical Producers of India (OPPI) in this regard.

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The background paper highlights worrying statistics and insights into the Indian Healthcare system:

• Poor Healthcare Indices - Life expectancy in India (68 years in 2015) is amongst the lowest in BRIC nations

 

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