In 2023, the voluntary health expenditures in India stood at 2.48% of GDP. From 2024 onwards, the data forecasts a gradual decline to 2.46%, 2.44%, 2.42%, and 2.4% of GDP for the years 2024, 2025, 2026, and 2027, respectively. This represents a small year-on-year decrease of approximately 0.81% annually.
The average annual variation over the last five years, measured by CAGR, shows a consistent decrease of around 0.81% per year. This downward trend suggests a slight but steady reduction in the voluntary share of health expenditures relative to GDP.
Future trends to watch for include factors that may influence this decline, such as policy changes, economic growth rates, or shifts in public vs. private health spending. Monitoring technological advancements and their integration into the healthcare system could also impact these projections significantly.