India’s economy has grown at the impressive rate of over 7 per cent a year, on average, in the last decade. The contribution of healthcare to Indian GDP has risen in the last few years and this sector has the potential to be an engine of growth for the nation as it can create 70 million to 80 million jobs in the next 10 years, adding 2 to 3 per cent annually to GDP.
India’s health sector is now at a crucial state. India currently has 0.9 beds per 1,000 people as against the global average of 3.3, requiring 100,000 additional hospital beds each year, at an investment of approximately INR 45,000 to INR 50,000 crore per year for the next 10 years. Moreover, there is a shortfall of 1.4 million doctors and 2.8 million nurses in India.