Q. Consider the following statements:
1. India has second highest hospitalization rate in the world after OECD countries.
2. India has one of the highest levels of Out Of Pocket Expenditure in the world.
Which of the statements given above is/are correct?
At 3-4 per cent, the hospitalization rates in India are among the lowest in the world; the average for middle income countries is 8-9 per cent and 13-17 per cent for OECD countries.
Source: Economic Survey 2021