Health expenditure - a gain or a loss during covid-19

Abstract

Pandemics create destruction in the economy where it undergoes a fall in GDP growth, unemployment, deficits of government due to pulling down of productive processes and many such terrible situations depending upon the scale and pernicious effects of the disease. When any specific country suffers from such a situation, its economy is affected surely, but due to today's developing and friendly environment towards trade and other policies favoring relations with other neighboring countries, it brings a major change in other economies as well. Therefore, it’s necessary to have a proper focus on the economic actions of our own country or state as well as those of our neighborhoods.

A similar situation emerged at the end of 2019 when an infectious disease later named Corona and renamed COVID-19 affected people's lifestyles and lives all over the world. It was a severe condition because of which a nationwide lockdown to prevent the spread of such a disease was announced by the central government. Although everyone involved in major decision making tried their best, there were differences in the countries and even states of the respective countries in the situations that were prevailing. Therefore, our study has tried to observe the pattern mainly in health expenditure during the period of 2019–2021 (a period of massive loss), limiting our base to only four such Indian states, but the findings can be generalized as well if taken in broader terms. As we are well aware of the famous saying, "Exceptions always exist", so in that case, the study might fail, but overall it can be viewed as impressive.