Not too long ago, on World Health Day, came a message from Indian Prime Minister Narendra Modi on Twitter, reaffirming the government’s commitment to augment India’s health infrastructure. “The focus is on ensuring good quality and affordable healthcare for our citizens,” said the Prime Minister. Mind you that India is home to the world’s largest healthcare scheme, Ayushman Bharat.
It is at this outset, that one must look at the fact that the healthcare industry in India, which comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment, has quickly emerged as one of the largest sectors, in terms of revenue and employment generation. The sector is growing at a tremendous pace, thanks to its strengthening coverage, services, and increasing expenditure by public as well as private players.
