In the pink of health: Healthcare sector expected to reach $372 bn in 2022

In recent decades, India has made significant advancements in health-care delivery. It is one of the largest sectors in terms of employment and revenue, and is seeing brisk growth. The Covid-19 pandemic saw foundational shifts, such as consumers’ increasing involvement in health-care decision making, rapid adoption of virtual health and digital innovations, the push for data analytics use, and public-private collaborations in vaccine and therapeutics development.

Road ahead

• Funding by government (Rs 23,000 crore) and RBI (Rs 50,000 crore credit) will help the sector better manage its infrastructure
• Government plans to increase public health spend to 2.5% of GDP by 2025
• Vast opportunities for investment in health care infrastructure in both urban and rural India, further fuelled through massive adoption of technology

Source: Nasscom