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Renowned cardiologist Dr Deviprasad Shetty says India spends only 1% of GDP on healthcare

Renowned cardiologist Dr Deviprasad Shetty says India spends only 1% of GDP on healthcare

Mangalore Today News Network

Mangaluru, July 10, 2016: Addressing the gathering at the 17th convocation of MBA course at Justice K S Hegde Institute of Management, NMAMIT, Nitte,  Renowned cardiac surgeon Dr Deviprasad Shetty said that there are ample opportunities in healthcare management, which records an annual turnover of around $7.2 trillion.

Dr Deviprasad

 Dr Shetty, who is also the chairman and senior consultant of Narayana Group of Hospitals, said that the healthcare industry stands next only to the food and agro industry which has a turnover of $7.6 trillion per annum. He said that healthcare sector, dominated by the doctors, requires thousands of passionate administrators. Unfortunately, healthcare industry is reaching only 20% of the world’s population. 80% of the world’s population has no access to healthcare industry, he said.

"If the half the population of the world can have the access to healthcare with $7.2 trillion, there is need to change the way healthcare is delivered," he opined. The country spends only 1% of the GDP on health care. Describing Yeshaswini healthcare programme as boon for farmers, Dr Shetty said that around 17 lakh farmers availed of the facility by paying Rs five per month in the beginning. Now the number has risen to 40 lakh farmers paying Rs 22 per month. The government is requested to extend the programme for the 900 million mobile phone users. The country would be the first one to prove that wealth of the nation has nothing to do with the quality of the healthcare, he added.

Calling upon the students to be inquisitive, the cardiologist said that the work done by students would touch the lives of the millions and make the earth a better place to live. "Is a step you contemplate going to be of any use to the poorest and weakest man", he said quoting Mahatma Gandhi.

"The business that serves the needs of the richest man is not successful and largest industries in the world are not created for affluent. They are for the working class and the poor. Look at the needs of society and common man for success" he said.

Dr Shetty said more than 56% of the Indian population depends on farming. Agriculture is a business which is totally unpredictable and wholly dependent on rain. Scanty rain, heavy rain and adequate rain will have their own impact on agro trade.

He urged the students to be confident and to believe in themselves. "One should be mentally prepared to face the failure as it is part of life. For success, one should not think of work-life balance. Money is like oxygen, but the purpose of life should not to be only oxygen." He concluded by saying that world is not ruined by the activity of the bad people, but by the inactivity of the good people.

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