Economic Benefits of Investing in Adolescent Well-being Programs in India
A government-backed report reveals that investing in adolescent well-being programs in India could yield returns between USD 4.6 to USD 71.4 for every dollar spent. These investments would not only boost the economy by an average of 10.1% of annual GDP but also provide significant social benefits, including reducing inequality.
- Country:
- India
Investing in adolescent well-being programs in India could yield a return between USD 4.6 to USD 71.4 for every dollar spent, according to a government-backed report. This investment could boost the Indian economy by an average of 10.1% of annual GDP.
Prepared by the Union Health Ministry in collaboration with the Partnership for Maternal, Newborn and Child Health (PMNCH) and the WHO, the report emphasizes the need for further contributions from both government and private sectors. The investment targets health services, HPV vaccination, TB treatment, and screening and treatment of myopia, among others.
While these programs offer substantial economic benefits, they also promise to reduce inequality across regions and income groups. With an investment of USD 33 billion per annum, the return is projected to reach USD 476 billion per year. The report highlights that adolescent initiatives have already shown significant improvements, calling for continued investment for future socioeconomic gains.
(With inputs from agencies.)
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