January 31, 2022
1 min read

Health sector expenditure up 73%: Economic Survey

During the last five years, social services accounted for about 25 per cent of the total government expenditure (Centre and states taken together). In 2021-22 (BE), it was 26.6 per cent…reports Asian Lite News

Although the Covid-19 pandemic has affected almost all social services, the health sector has by far been the worst hit.

Expenditure on health sector increased from Rs 2.73 lakh crore in 2019-20 (pre-Covid) to Rs 4.72 lakh crore in 2021-22, an increase of nearly 73 per cent, the Economic Survey 2021-22 said.

The government’s spending on social services increased significantly during the pandemic. In 2021-22 (BE), the Centre and state governments earmarked an aggregate of Rs 71.61 lakh crore for spending on the social services sector, an increase of 9.8 per cent over 2020-21.

Last year’s (2020-21) revised expenditure has also gone up by Rs 54,000 crore from the budgeted amount.

In 2021-22 (BE), funds to the sector increased to 8.6 per cent of Gross Domestic Product (GDP), up from 8.3 per cent in 2020-21.

During the last five years, social services accounted for about 25 per cent of the total government expenditure (Centre and states taken together). In 2021-22 (BE), it was 26.6 per cent.

It is difficult to gauge the real time impact of repeated lockdowns on the education sector because the latest available comprehensive official data dates back to 2019-20.

This provides the longer time pre-Covid trends, but does not tell us how the trend may have been impacted by the Covid-induced restrictions.

Various smaller surveys by the government, and by citizen-led non-government agencies, such as the Annual Status of Education Report (ASER) 2021, have assessed the impact during pandemic for the education sector in rural areas.

ASER found that despite the pandemic, enrolment in the age cohort of 15-16 years continued to improve as the number of not enrolled children in this age group declined from 12.1 per cent in 2018 to 6.6 percent in 2021.

ALSO READ: Meta partners FICCI to support women-led SMBs in India

Previous Story

India’s BoP surplus hits $63.1 bn in H1FY22: Economic Survey

Next Story

Service sector rebounds amid pandemic threats: Economy Survey

Latest from Business

SBI Simplifying KYC Process

SBI’s research arm noted that the RBI’s decision to maintain the policy rate reflects a balanced approach amid global uncertainties, supported by stable liquidity and external conditions State Bank of India (SBI)

UPI Powers Digital Revolution

New innovations such as LiteX (offline payments), tap-and-pay, credit card integration, UPI Autopay, and UPI for IPO subscriptions are pushing the platform from a payment tool to a full-fledged embedded finance ecosystem Unified

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand
Go toTop

Don't Miss

As Hurriyat faces ban, BJP says move long overdue

The Hurriyat Conference factions are literally defunct and leaderless after

Vacate carbon space: India urges G20 nations with high emissions

This will support the aspirations of the developing nations, India