Uday Kotak India city Mumbai president pandemic Government Uday Kotak India city Mumbai

India under-invested in healthcare, should double spends: Uday Kotak

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MUMBAI : Banker Uday Kotak on Thursday said India is under-invested in healthcare and needs to double its spends over the present level of 1.3 per cent of GDP.Kotak, who is also the president of industry chamber CII, said the government's response to the pandemic has underlined the need for better coordination between the Centre and the states.Speaking at an event organised by Bloomberg, Kotak said, "We need to increase our spends (in healthcare) from 1.3 per cent to at least more than double, because we are very under-invested in healthcare" and also increase the efforts on education.The country will have to find the resources over the medium term for these two areas because it is a necessity for its long-term prospects, he.

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