As per the statistics published by The Lancet, approximately 2.4 million Indians die of treatable ailments annually. In 2020, about 151 thousand lives were lost to the pandemic alone, mainly due to the inadequate healthcare system coupled with the increasingly high population density. The reign of COVID-19 has highlighted the infirmities in existing healthcare services in several of the world’s advanced economies. For India, the pandemic serves as a clarion call to take top-priority action towards upgrading its public healthcare system.
Unprecedented times have demanded unprecedented budgets worldwide. The Government of India too has had to meet the pressure by stepping up its budgetary allocation towards healthcare and the pharma sector. This essential measure has propelled the Coronavirus vaccination drive, which has been keenly awaited by the country’s citizens.
Please click here to read the full article by Sidharrth Shankar and Aman Bhatia, published in Express Healthcare.
Sidharrth is the Co-Chair of the Corporate Practice at JSA. He specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity.