Arvind Mohan, professor and head of the Department of Economics at the University of Lucknow, noted that the health care burden associated with tobacco consumption in India is approximately 1.04 percent of GDP, driving many into poverty, and said a significant increase in tax on these deadly items will close the gap.
He reiterated the World Health Organization’s (WHO) and the positions of many other international organisations, including the World Bank, when he said that cigarette taxes are an effective strategy for lowering tobacco consumption faster than any other single measure.
Currently, health is a major barrier to human growth, according to Mohan, as the public is responsible for at least 70% of health spending, with the government and other international organisations covering the remaining 25% to 30%. But if we can reduce this spending by taxing tobacco goods, we won’t just be able to capitalise on our human resourcesu2014the GDP would increase significantly. This will assist in realising our goal of a $5 trillion economy, he added.rnrnrnrnrnrnrnWhat do you think, this move is helpfull? Comment below
