Healthcare is one of the fastest growing sectors in India and the Indian government has aggressive plans to develop India further into a global healthcare hub. The hospital industry in India stood at Rs 4 lakh crore (US$ 61.79 billion) in FY19 and is expected to reach Rs 8,60,000 crore (US$ 132.84 billion) by FY22. The coming years will assume a significant position in the history of India’s Healthcare Infrastructure industry. The sector is expected to generate 40 million jobs in India by 2030. Further, presence of world-class hospitals and skilled medical professionals has strengthened India’s position as a preferred destination for medical tourism. The hospital and diagnostic centers attracted Foreign Direct Investment (FDI) worth US$ 6.625 billion between April 2000 and December 2019, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT). The Government of India is planning to increase public health spending to 2.5 per cent of the country’s GDP by 2025. The health share of Gross Domestic Product (GDP) is expected to rise 19.7 per cent by 2027. United Nations Development Programme (UNDP) has also included Good Health & Well-being, and Industry, Innovation & Infrastructure in the sustainable development agenda for 2030.
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