Advantage India
Strong
Demand
* The Indian healthcare market, which was valued at US$ 110 billion in FY16 is now projected to reach US$ 638 billion by FY25.
* The healthcare sector, as of FY24, is one of India’s largest employers, employing a total of 7.5 million people.
* The demand for Indian healthcare professionals is expected to double nationally and globally by FY30 due to a shortage of healthcare workers in India, where there are only 1.7 nurses per 1,000 people and a doctor-to-patient ratio of 1:1,500 nationwide.
Attractive
Opportunities
* India’s public expenditure on healthcare is expected to be 1.9 % of GDP in FY26, compared to 2.5% in FY25, as per the Economic Survey 2024-25.
* The Indian healthcare sector is witnessing unprecedented growth, with private equity and venture capital investments surpassing US$ 1 billion in the first five months of FY24, marking a 220% increase from the previous year.
Rising
Manpower
* Availability of a large pool of well-trained medical professionals in the country.
* India's healthcare workforce has already exceeded 6 million as of CY24. However, this represents only the beginning, as the sector is anticipated to experience substantial growth, with over 6.3 million additional jobs expected by CY30.
Policy and
government support
* The government has allocated Rs. 99,858 crore (US$ 11.50 billion) to the healthcare sector in the Union Budget 2025-26 for the development, maintenance, and enhancement of the country's healthcare system. This reflects a 9.78% increase from the previous allocation of Rs. 90,958 crore (US$ 10.47 billion) in FY25.
* The Indian government is planning to introduce a credit incentive programme worth Rs. 50,000 crore (US$ 6.8 billion) to boost the country’s healthcare infrastructure.
Related News
MOREMajor Healthcare Centers in India
- Delhi
- Mumbai
- Hyderabad
- Kolkata
- Chennai
- Bengaluru
- Ahmedabad
Industry Contacts
Posters
MORE
Healthcare Companies in India
With over 2.5 million operations performed and 20 million patients treated in the last 30 years, Aravind Eye Care System is the largest eye care provider in the world.
IBEF Campaigns
MORE
Aatmanirbhar Bharat Utsav 2024
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
Case Studies
MOREIndia’s Animation & Comic Industry Expansion: The Rise of Indigenous Animated Content and Comic Storytelling
India’s animation and comic industry is undergoing a dynamic transformation, evolving from a service-based outsourcing hub into a vibrant ecosys...
Driving Global: India’s Rising Passenger Vehicle Exports and its Emergence as an Automotive Export Hub
India’s automotive sector has long been a pillar of its industrial and economic strength. The growing momentum in passenger vehicle exports sign...
Fuelling Growth: How India’s Petrochemical Industry is Powering Economic Transformation
Petrochemicals are the unsung heroes of the modern industrial economy. Derived primarily from hydrocarbons such as natural gas and crude oil, these ch...
IBEF BLOG
MORE
India’s Healthcare Revolution: How Telemedicine Is Making Healthcare More Accessible Across India
The COVID-19 pandemic significantly accelerated telehealth in India as in-p...
India’s Biosimilars Boom: Growth Drivers and its Impact
With over 20% market share by volume of total pharmaceutical exports in the...
Exploring India’s Rare Earth Elements Industry: Potential and Global Impact
India is undergoing a global transition in technology and energy with deter...
Partners
