Opportunities and Challenges in Economic Transformation and Medical Affairs: Poland-India Perspectiv
23 January 2018, 7 pm
In a pace of changing global scenario entire system of a nation is changing. Governments are convinced towards economic transformation and bringing new policies to assist foreign investors in order to increase inflows of foreign direct investment (FDI). In past years, world experienced FDI among developed to developed economies or developed to developing economies, but new trend has emerged where FDI flow goes between emerging to emerging economies.
When global FDI inflows falls by 2 percent, trade between developed to emerging economies are increasing by 5 per cent. Many emerging economies find their areas of cooperation and increase trade relations. Similar trend has been emerged between India and Poland. Both emerging economies are constantly improving trade relations by identifying many new sectors such as mining, education, medical, pharmaceuticals, electronics, films, etc. Among many sectors, medical sector may play a wider role for both the countries for establishment of a new trade interest based on supply and demand model of cooperation.
Poland is know for well established educational institutions and medical treatment. Well equipped machinery, qualified doctors and insurance policies are the life savers for millions. But other side India with 1.3 billion population lacking number of doctors and technologies for proper treatment- hundreds of patients are loosing their life and thousand are hoping to receive better treatment. Therefore access and treatment choices will ultimately require a solid understanding and convincing demonstration of medical and economic value. FDI in medical sector should be recognised as most demanded sector for cooperation between India and Poland. Potential cooperation will protect thousands of life in India by producing hundreds of Indian doctors in Poland through well known Polish medical universities or through FDI in Medical sectors in India to produce Indian doctors in India. High technology exports may also create an opportunity to increase trade flow by medical equipment’s exports and imports.
Keywords: India, Poland, Economy, Medicine, Opportunity