Challenges and Prospects of Healthcare sector in India

Healthcare in India: Challenges and Prospects:

The healthcare sector in India is projected to grow about 30 % per arum in coming years, Fastest growing industry in India, accounting roughly 6% of GDP and becoming a lucrative career space in India. Reasonably Recession Proof due to growing domestic demand.
A fast developing economy, increased Monthly Household Income and raised urbanization have been instrumental in spreading the affordability net of average Indian. In present environment patients are demanding for value and quality healthcare services for their money.Economy, demography and Industry.
Indian Economy – average annual growth rate over the past half century

• During the 50s, 60s and 70s – 3.5%
• During the 80s – 5.7%
• During 1990-2005 – 6.0%
• During 2005-06 (9.4%), 2006-07 (9.6%) and 2007-08 (9.0%), averaging 9.3%

Unparalleled Demographics:​

• Over 1 billion population: 52% below the age of 25
• Median age of India’s population would remain 30 years even as late as in 2025
• Workforce (15-59 years’ age group) in India would grow to approximately 325 million by 2050
• Today’s youth in India is expected to drive tomorrow’s boom.

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