News
Healthcare has become one of the largest sectors in the Indian economy
income and employment. It has grown at a compound annual growth rate of 22% since 2016, employing 47,000 people. The industry has the potential to create 2.7 million additional jobs in the U.S.
India in 2017-22 - more than 500,000 new jobs per year.
Several factors are driving the growth of the healthcare industry in India, including an aging population, growing middle class, rising rates of lifestyle diseases, increased emphasis on public-private partnerships, and accelerated adoption of digital technologies. Including telemedicine, in addition to heightened investor interest and increased FDI inflows
over the past two decades. The Indian government has undertaken deep structural and ongoing reforms to strengthen the healthcare sector and announced favorable policies to encourage foreign direct investment.
Aatmanirbhar Bharat Abhiyaan package includes several short-term and long-term plans
Health system measures, including the Production-Linked Incentive (PLI) scheme to promote domestic production of medicines and medical devices.
The COVID-19 pandemic has not only brought challenges but also some opportunities for the development of India. The crisis has opened the floodgates for Indian start-ups, many of which have sprung up to speed up the development of low-cost, scalable, and fast solutions.
Additionally, the pandemic is boosting the telemedicine and home healthcare market in the country. All these factors combined make India's healthcare sector ripe for investment. Segmentation, with private players expanding into Tier 2 and Tier 3 locations beyond metropolitan areas
The city offers an attractive investment opportunity.