The data on India's Current Health Expenditure (CHE) as a percentage of GDP shows a clear downward trend from 2013 to 2023. From a high of 3.75% in 2013, the CHE has consistently declined, reaching 2.81% in 2023. This decreasing trend indicates a shift in the country's health expenditure priorities or potential improvements in other areas of the economy that outpaced health spending.
A year-on-year analysis of the last two years shows a decline of 1.74% in 2022 and 1.76% in 2023. The compound annual growth rate (CAGR) over the last five years stands at -0.36%, confirming the ongoing contraction in health expenditure as a portion of the GDP.
Forecast data from 2024 onward suggests a continued decrease, with a five-year CAGR predicted to be -1.47%, culminating in an expected CHE of 2.56% of GDP by 2028.
- Future trends to watch for include potential policy changes aimed at increasing health expenditure, the impact of economic growth on health spending, and the effects of any public health initiatives or crises.
- Monitoring the balance between economic development and healthcare investment will be essential to understand the broader implications on public health outcomes.
