Uploaded on Oct 6, 2020
How The GDP Fall Has Affected The Medical
How The GDP Fall Has
Affected The Medical Sector
The 23.9% GDP fall has left everyone in shambles. An economic downfall due to the spread of
the Coronavirus and the lockdown was expected, but such a significant fall all the while with the
constant exponential rise in cases has surely endangered the country’s future.
A cut down in a quarter of a country’s GDP ensures that every section of it experiences major
difficulties, be it the cultural section or the professional section. It is interesting to note that in
the coming recession, as is the case with any recession; many sectors will get hit more hardly
than others.
But as the pandemic goes on and people sit
tight waiting for the vaccine, the medical
sector has to power through all of the
difficulties it experiences because of the
GDP downfall. But how exactly will such a
major fall affect the medical sector?
Well, the substantial areas that have been
identified are as expected, the most obvious
ones:
The Medical Staff
As the pandemic stretches forward with the
economic crisis, the biggest immediate problems for
the hospitals would be hiring new medical staff to
reduce the stress and pressure of the already
existing staff. It comes as no shock that hospitals in
India were short-staffed, to begin with, but due to the
pandemic have reached the highest peak in the staff-
patient ratio.
The economic crisis will lead to severe inadequacy in
medical workers and nurses in Indian hospitals as
hospitals will tend to hire the minimum workers
possible, overworking the existing staff which may
lead to a total medical disaster. The hospitals will be
forced to hire fewer workers and pay them even less
than before as a means to survive the recession.
The Equipment
If there is no substantial influx of money, hospitals would
have to cut down on their expenditure in the field of
expansion and maintenance as a hospital is also a private,
money-making business. Private hospitals would stretch
out on older, less advanced equipment as much as they
can instead of updating their machines with the
technological advancements that come out on the market
to cut costs.
This would also mean that in addition to having a medical
sector that is already subpar at best when compared to its
international counterparts, whatever growth and
momentum that the Indian hospitals were able to build
before the recession would be lost. Indian hospitals would
then sink even further, providing worse than before care
for its patients.
The Government Hospitals
Private hospitals would want to cut down costs in a lean
and mean way, however, government hospitals in India
already have been cut down without the pressure of an
economic crisis. So the ill-equipped, extremely burdened
government hospital will become even more ill-equipped
and overburdened due to the recession, leading to many
people in India who depend on the government for basic
healthcare to be disappointed even more than they
already have.
Patients will enormously overwhelm the thin strand of
doctors and medical staff and people who don’t have
access to adequate medical care will continue to not have
access to adequate medical care; their numbers growing
tremendously larger by the second.
The Doctors
If we look at the big picture, an economic crisis/ recession will
attract people towards skill-based jobs or jobs that don’t require
the investment of a large amount of capital. It is impossibly
expensive to achieve the title of a practicing doctor for a person
with a weak financial background, that too in a recession. With
less and fewer jobs for doctors in both the public and private
sector and a never-reducing medical fee structure, it is not
crazy to think that a person who doesn’t come from a family of
doctors would opt for an MBBS degree due to the insane
hurdles they’d have to jump through.
But what’s dangerous is that due to fewer jobs being available
for doctors due to an economic crisis and people opting out of
the field due to huge amounts of fees, it will result in a lesser
number of medical graduates per year. This in turn would circle
us back to the shortage of staff that hospitals in India have been
facing since the dawn of time.
What’s The Solution?
It is a pretty big problem, a problem for which one
particular solution will never be fully correct. But the best
direction to go from now would be for the government to
take hold of its most important internal affairs: Education
and Employment.
Meticulous planning is required to reel us out of this
economic crisis, one that can only be achieved by
reinventing our education and subsequent employment of
the workforce. But it’s good news to see that dynamic and
more modern policy changes are being observed in the
department of education. Let’s hope it is followed by
polishing up our employment sector so that we can power
through both the pandemic and the recession.
About Ziqitza Rajasthan
Ziqitza Healthcare ltd is an emergency services provider that was founded in Rajasthan with a
vision to provide the country with the best ambulance services that can match up with
international standards. Ziqitza is a modern company that does business the traditional way.
We currently operate over 3,000 ambulances and has tie up with 5000 ambulances in over 50
major cities in India and provide several services for customers to avail of. Ziqitza Healthcare
also offers corporate wellness programs and subscription-based ambulance services. Top of
the line Ziqitza Limited ambulances will be available for a corporation on standby if any
emergency occurs and telehealth services are also accounted for.
In addition to all of the above, people can also avail of the
private services of Ziqitza Healthcare’s ambulances by
dialing the number 9700001298 in states including
Odisha, Rajasthan, Gujarat, Maharashtra, Punjab, Tamil
Nadu, etc. Patients can also book an ambulance in major
cities in India to get India’s best ambulances. Click the
following to find out more:
● Mumbai
● Delhi
● Bangalore
● Kolkata
● Pune
● Chennai
● Hyderabad
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