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In: Operations Management

Develop a 5-year forecast of occupational market conditions for nurses. Explain your work. (for next 5...

Develop a 5-year forecast of occupational market conditions for nurses. Explain your work. (for next 5 years)

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Expert Solution

As per the current situation Health care industries should be developed a lot more .

Let us take India as an example.

At present India has 2,000 nursing diploma schools, 1,200 nursing degree schools and 281 MSc nursing colleges. Annually, the country produces around 60,000 nurses. India has a capacity to train 79,850 diploma nurses, 41,650 graduate nurses and 1,940 postgraduate nurses per year.

The table shows the consolidate numbers of nurses per year in India.

Forecast of occupational market conditions for nurses :

Diploma Nurses /year	79850
Graduate Nurses/year	41650
Post graduate Nurses/year	1940

Total/year	123440

As the number of institutions are increasing 10 % every year it is expected that the number of students may also increase in the nursing field.

YEAR

Diploma Nurses

Graduate Nurses

Post graduate Nurses

2020

79850

41650

1940

2021

87835

45815

2134

2022

96619

50397

2347

2023

106281

55437

2582

2024

116909

60981

2840

2025

128600

67079

3124

Total

616094

321359

14967

For a population of 130 crore peoples only these many number of nurses were grauated every year which a quite great shortge.

India still needs three time the nurses as per the projected data.

********************************

keosha answered 4 weeks ago

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