Abstract :
The word Economic growth refer to
the positive change in the level of production of
goods and services by a country over a certain period of
time. When the inflation is checked and controlled, the
realized growth is considered as real economic growth of a
nation. Economic growth is usually brought about by
technological innovation and positive external forces.
Therefore Economic growth refers to the Persistent
increase in per capita aggregate output and in the aggregate
physical per worker at a non-diminishing rate in an
economy. Economic growth is also characterized by
structural transformation, such as the shift from agriculture
to industry and services, urbanization, the shift from home
work to employee status, an increasing role of formal
education, an increased role for foreign trade, decreased
reliance on natural resources with technological progress,
and the growing importance of government.
The researcher has shown that during the current plan
period among various sector Health sector plays an
important role in development of the economy , its
contribution towards social advantage is enormous and this
sector needs still more concentration from the Government
to meet the requirements of the increased population.
The researcher has referred various Governmental
surveys and reports to support the article and for Health
aspects regarding vaccines primary information have been
taken.
Keyword :
Five year plans(FYP), World Economic Situation and Prospects (WESP), 2013 report,, gross domestic product (GDP), petroleum oil lubricant (POL)., Foreign Direct Investment (FDI) , Foreign Institutional Investors (FII), Contract research organizations ((CRO