Trade ChakraIndia Trade ChakraIndia Business Trade Chakra
Trade Chakra


Know about the health sector and its role in Indian economy.

Health Sector

Growth of the Health Sector in India
The health sector in India is on a roll. The purchasing power of the Indian middle class is rising very rapidly. So they can afford quality healthcare. It is estimated that by 2012 the health care sector will rise up to US$40 billion. Today most of the Indians can buy western medicines and so the heath sector in India is growing rapidly. Due to its very bright prospects people are also inclined to invest in the health sector. Today many private healthcare centers are also coming up and they are also playing an important role in providing medical facilities to the people. Some of the eminent private health care units are:
  • Global Hospitals in Hyderabad
  • Wockhardt Hospitals in Mumbai
  • Apollo hospitals.
The booming health care sector in India is also spurring industries such as healthcare equipment and information technology in healthcare. Information technology plays an important role in health care, and according to a report, India has the fastest growing healthcare IT market in India. The Indian health sector is also attracting many foreigners to India, to access the healthcare facilities. The revenue generated by foreigners is expected to touch nearly US$2.2 billion by 2012.

Achievements of the Health Sector
Following facts makes it clear that the Indian health sector has not only attained high success rates, but is also credible:
  • Indian specialists have performed over 5 lakh complex surgeries such as cardio-thoracic, neurological and cancer. The success attained in these surgeries is at par with international standards.
  • The success of cardiac bypass in India is 98.7%, higher than that of the USA.
  • The success rate of renal transplants is also 95%.
Government Steps to Promote Health Sector
The government has also taken some positive steps to promote this sector:
  • A new visa namely, "Medical Visa" is being given to foreigners who are coming to India.
  • The department of AYUSH has prescribed minimum requirements for Ayurveda.
Many Indian hospitals such as Indraprastha Apollo Hospital (New Delhi), Apollo Hospital (Chennai), Wockhardt hospital (Mumbai) have been credited for their healthcare services by the Joint Commission International (JCI) of the USA.