Advantage India
Strong
Demand
* Healthcare market in India is expected to reach US$ 372 billion by 2022, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance.
* As of 2021, the Indian healthcare sector is one of India’s largest employers as it employs a total of 4.7 million people.
Attractive
Opportunities
* In the Economic Survey of 2022, India’s public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21.
* Two vaccines (Bharat Biotech's Covaxin and Oxford-AstraZeneca’s Covishield manufactured by SII) – were instrumental in medically safeguarding the Indian population against COVID-19.
Rising
Manpower
* Availability of a large pool of well-trained medical professionals in the country.
* The number of allopathic doctors with recognised medical qualifications (under the I.M.C Act) registered with state medical councils/national medical council increased to 1.27 million in July 2021, from 0.83 million in 2010.
Policy and
government support
* In Union Budget 2022-23, Rs. 86,200.65 crore (US$ 11.28 billion) was allocated to the Ministry of Health and Family Welfare (MoHFW).
* The Indian government is planning to introduce a credit incentive programme worth Rs. 500 billion (US$ 6.8 billion) to boost the country’s healthcare infrastructure.
Related News
MOREMajor Healthcare Centers in India
- Delhi
- Mumbai
- Hyderabad
- Kolkata
- Chennai
- Bangalore
- Ahmedabad
Industry Contacts
IBEF Campaigns
MORE
Experience India - Dubai Expo 2020
From the small towns and districts of India come the big-hearted artists wh...
Geographical Indicators of India
The Geographical Indications Registry is set up for administration of the G...
Case Studies
MOREPromoting Indian Textile And Apparel Exports
The global textile market is estimated to reach US$ 1,412.5 billion by 2028 and would expand at a CAGR of 4.4% from 2021 to 2028. Rapidly changing tre...
The Potential Of Cottage Industry Trade
A cottage industry is a small business engaged in manufacturing and operated from the owner’s homes. Cottage industries form an important part o...
India's Climate Vision
Climate change and global warming are the biggest threats of the present time and how the world manages to control pollution will define our future. R...
IBEF BLOG
MORE
Merchandise Exports Scaling New Heights
The Merchandise Industry of India India's share in global merchandise ...
Importance of India’s Blue Economy
Introduction to Blue Economy Blue Economy is defined by the World Bank as ...
Joint Ventures in India's Automobile Industry
India's Automobile Industry India is the fifth largest vehicle market ...
Partners
