Impact of ‘Mission Indradhanush’ on Production Possibility Curve of the economy

Introduction
‘Mission Indradhanush’ is a flagship programme launched by the Union Health Minister of India to achieve full immunization of all children by 2020. This programme aims to cover children who are either unvaccinated or partially vaccinated against seven vaccine-preventable diseases. The impact of this programme on the Production Possibility Curve (PPC) of the economy can be explained as follows.

Explanation
PPC is a graphical representation of the maximum combination of two goods that can be produced with given resources and technology, assuming full and efficient use of resources. When the resources are fully utilized, the economy operates on the PPC. Any increase in production of one good requires a decrease in the production of another good. The impact of ‘Mission Indradhanush’ on the PPC can be analyzed in terms of the following:

Shift in PPC
The successful implementation of ‘Mission Indradhanush’ will result in a shift in the PPC of the economy. With the full immunization of all children, the economy will witness a reduction in the incidence of vaccine-preventable diseases, resulting in improved health outcomes. This will lead to an increase in the productive capacity of the economy, as a healthy workforce can contribute more to the economy. The shift in the PPC will be towards the right, indicating an increase in the production capacity of the economy.

Improved Human Capital
The implementation of ‘Mission Indradhanush’ will also result in an increase in human capital, as healthy individuals can contribute more to the economy. The immunization of children will lead to improved cognitive abilities, better school performance, and higher productivity in the future. This will result in an increase in the productive capacity of the economy, leading to a shift in the PPC towards the right.

Increased Investment
The successful implementation of ‘Mission Indradhanush’ will also attract more investment to the economy. The improved health outcomes and increased human capital will make the economy more attractive to investors, leading to an increase in investment. This will result in an increase in the productive capacity of the economy, leading to a shift in the PPC towards the right.

Conclusion
In conclusion, the successful implementation of ‘Mission Indradhanush’ will have a positive impact on the PPC of the economy, leading to an increase in the production capacity of the economy. The shift in the PPC towards the right will indicate an increase in the productive capacity of the economy, resulting in improved health outcomes, increased human capital, and increased investment.