The Economic Rationale for Investing in Family Planning in India – A Path to Progress

The Economic Rationale for Investing in Family Planning in India – A Path to Progress

Current research shows 25% drop in India’s fertility rate over the last 10 years. Investing in women’s reproductive health enhances overall capital and lead to a progressive society. Effective family planning in India gives women ultimate freedom so that they can embrace their motherhood whenever they want.

In India, Many girls can’t pick their careers because they get married and have kids. That’s why combined oral contraceptive pills are the most reliable method that opens up more chances for education and careers. Women who can plan their pregnancies often seek higher education. They want to be financially independent and also boosting economic growth. Healthy mothers can raise healthier children. It supports their physical and mental development. The economic benefits of investing in maternal and child health are significant, driving productivity and innovation.

Investing in women’s reproductive health is beneficial. It also increases the overall country’s economy. This new research says that how an Indian woman working contributes to GDP growth and increases productivity.

Empowered women are now a biggest part of economic progress. They are leading to more entrepreneurship. Because importance of family planning in India is one of the severe subject to discuss.

Family planning encompasses the services, policies, information, attitudes, practices, and commodities, including contraceptives, that give women, men, couples, and adolescents the ability to avoid unintended pregnancy and choose whether and/or when to have a child. In this commentary, we outline family planning’s links to the Sustainable Development Goals (SDGs) and highlight the transformational benefits that voluntary family planning brings to women, families, communities, and countries. 1

By 2030, India could reach an 8% GDP growth rate if women make up more than half of the new workforce by 2030.

The Economic Rationale for Investing in Family Planning in India - A Path to Progress - Eskag Pharma

Purpose 1: Eliminating Poverty

Over the past three decades, there has been a marked decrease in extreme poverty levels. In 1981, half of the population in developing countries survived on less than $1.25 daily. By 2010, this figure had reduced to 21%. Although the relationship between population dynamics and poverty has been subject to debate, a growing consensus acknowledges that swift population growth can contribute to the increase in poverty rates. 2

Good Health and Well-being: Promoting Health and Wellness Across All Ages.

Purpose 2: The Crucial Role of Family Planning in India

Every day, around 830 women lose their lives due to pregnancy and childbirth-related complications. A staggering 99% of these fatalities occur in low-income nations, with over half happening in sub-Saharan Africa and a third in South Asia. Furthermore, in 2015, the world saw the death of 5.9 million children under the age of five.

As per recent studies from 2012 to 2020, effecting family planning policies could prevent nearly 7 million minor deaths and can save 450,000 mothers in the 22 countries. Undoubtedly it is a huge number to consider. 3

Purpose 3:  Changing Demographic Steadiness for Economic Development

The disagreement for assigning capitals towards women’s reproductive health issues improvements. While viewing against the background of demographic changes, the quest for global competitiveness is real. Many developed countries facing rapid population due to rapid population growth.   This is the time when we should think step ahead and invest in women’s health, especially in ensuring safe pregnancies and childbirth. It will help reducing the negative impacts of on senior citizen.

Purpose 4:  Eliminating gaps between male and female- Economic Enhancement

The economic basis for improving women’s healthcare should be broader and the boundaries don’t mean the national boundaries and cultural division. Creating a common ground for nations striving for development is necessity. We all should embrace the gender equality when it comes to healthcare. People should give much more attention and the outcomes should be in strategic economic decision.

The World Economic Forum underscores the direct link between gender equality and a country’s economic performance, noting that policies promoting gender inclusivity are instrumental in driving innovation and resilience.

Assuring significant and developed healthcare checkups for everyone allows countries to harness their entire human capital. Menstrual cycle, UTI and many more issues are still taboo.

Wrapping up!

The Pragmatic Path to Advancement through Women’s Health

Concluding our discussion on the economic implications of investing in women’s reproductive health, it becomes evident that the issue transcends ethical considerations, offering a practical route to sustainable progress. Collaborative action is crucial for dismantling systemic obstacles and ensuring reasonable healthcare services for all women, irrespective of their economic standing. Developing women’s healthcare and maternal well-being is not just an investment. It is a foundational step towards a more equitable and prosperous future.

 

1.  [https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4982245/] 1
2.  [Cleland J, Bernstein S, Ezeh A, Faundes A, Glasier A, Innis J. Family planning: the unfinished agenda. Lancet. 2006;368(9549):1810–1827. 10.1016/S0140-6736(06)69480-4. [PubMed] [CrossRef] [Google Scholar] 2
3.  World Health Organization (WHO) [Internet]. Geneva: WHO; c2016. Children: reducing mortality: fact sheet; updated 2016 Jan [cited 2016 May 15]. Available from: http://www.who.int/mediacentre/factsheets/fs178/en/ [Google Scholar] 3