Business Standard

Indigenous drugs can control expenses: Chief economic advisor

Image

Press Trust of India Hyderabad
: Alternative systems of medicines such as ayurveda and homeopathy may play an important role in the Indian healthcare system, and preventive methods would help control the expenditure, chief economic advisor K V Subramanian said Tuesday.
Speaking at an interactive session with former Minister and TRS working president KT Rama Rao, Subramanian said there was a necessity to invest in basic research on native medicine and incentivise it.
"If you look at the out-of-pocket expenditure, this is something which is really important, and as policymakers we need to think about it. The out-of-pocket expenditure for individuals in India is way higher than that of the other countries," he said

The chief economic advisor cited an incident that happened 20 years ago which made him believe what ayurveda and homeopathy and other Indian systems of medicine can do in the Indian healthcare system.
He said his younger brother was cured of asthmatic problems after taking 'fish medicine' in Hyderabad.
Subramanian said city-based Bathini family distributed fish prasadam or medicine every year on Mrigasira Karthi Day in June, claiming that the prasadam can cure asthma.
Thousands of patients from across the country thronged the city to take the fish medicine.
The chief economic advisor said India was in a better position than Sri Lanka, Indonesia and Thailand in terms of spending on healthcare.
He said unregulated markets might lead to suboptimal outcome and therefore there was a role for the government to think about the design of the healthcare system in the economy.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 26 2019 | 7:40 PM IST

Explore News