A Robust Healthcare System drives GDP growth

September 07, 2015

With Indian healthcare workforce expected to double to 7.4 million in 2022 from 3.6 million in 2013 and the sector’s revenue expected to grow by a robust 16 percent CAGR to $280 billion in 2020 from $73.92 billion in 2011, Indian healthcare sector has already established itself to be an important contributor to nation’s GDP.

 

Another important finding of the report was that increasing investments, growing innovation and entrepreneurship are expected to enhance the size of the healthcare market, thereby increasing the contribution of the healthcare sector to India’s GDP. India has received an aggregate of $377.3 billion in Foreign Direct Investment (FDI) from April 2000 to May 2015. Hospitals and diagnostics centres received FDI of $3.1 billion, or about 1.21 per cent of the FDI inflow. The share of healthcare FDI has almost doubled since 2011, highlighting the growing interest of foreign players in the sector.Adidas Crazy Light