Covid-19 came much like a tsunami- three unexpected giant waves which swept many people away into poverty. Health insurance in India does not seem to be doing its job. As it is, India has one of the highest out-of-pocket expenditures in the world, around 65% and Covid-19 has only amplified and deepened this issue. Continue reading “Covid-19 and health insurance”
‘Health is wealth’, they say and today it is truer than ever; Healthcare is a multi-billion dollar industry. Hey, a price tag can be attached to water, forests and wildlife, why not commodify health?
The 21st century is pegged to be the Asian century; India and China are expected to be at the helm of it, as the next superpowers. The United States of America under its president Donald Trump is protesting against India’s self-declared status as a developing country at the World Trade Organization. It has also stripped India of certain trade benefits, which the U.S.A makes available to developing countries (under the Generalized System of Preferences). India is a part of G20, a grouping of countries having great influence on world affairs. India has recently overtaken France to be the 5th largest economy in the world. India seems to be steadily marching towards being a global leader in the coming years. But is there another side to India’s growth story? Continue reading “Can India be called a developed country?”