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Healthcare sector to get 2.5% of GDP

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The Planning Commission said expansion of healthcare will be one of its top priorities during the 12th Five-Year Plan (2012-17) and it aims to increase spending in the sector to 2.5 per cent of the GDP from around 1 per cent at present by the end of the period.

“In the 12th Plan, we hope that we will be able to increase the percentage of both central and state government spending (on health) as a percentage of GDP somewhere up to 2.5 per cent from a little over 1 per cent,” Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters on the sidelines of a Ficci seminar.

The healthcare sector, he said, was a focus area in the ongoing 11th Plan as well and the effort will continue in the 12th Plan.

Ref and Read more: http://articles.economictimes.indiatimes.com/2011-09-09/news/30135472_1_healthcare-sector-12th-plan-private-sector

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