"Fiscal space is limited and that is where they we need to be innovative... What we need to collectively do is to come up with a innovative framework that enables to do what can be done with limited resources," he said at the India Health Summit organised by CII.
He said the public spending on health in India is 6 per cent of GDP, which is close to the World Health Organisation's 7 per cent mark.
Sinha said the amount of money that is available in terms of fiscal space for social sector, healthcare, education, training -- these soft asset expenditure that are vital are far below where they need to be.
During interaction with Sinha, industry demanded special status for healthcare sector in the Budget 2016-17 and also sought dialogue with the government of various issues.
He said the healthcare system in India needs to have some basic 'Medicare' so that if a person is below certain income level he would be covered by it, as happens in most countries.
Speaking at the Summit, Fortis Healthcare Executive Chairman Malvinder Mohan Singh suggested that government should take a policy decision that all secondary, tertiary care hospitals in the country will be made available to the private sector by PPP.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
