Thursday, March 28, 2024
News

$774 bn revenue opportunity for India from healthcare by 2030: Report

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Thursday, 2022 1:15:09 AM IST
India has the potential to generate a staggering $774 billion revenue in the healthcare sector by 2030, suggests a new report on Wednesday.

The report by Aspire Circle, a social impact leadership champion and advocate, showed that with an investment of $217 billion, the country can create 12 million jobs in healthcare and allied sectors, which can impact 1.5 billion lives by 2030.

"Indian healthcare will become the second most attractive investment sector this decade, behind food, agri and agriTech but ahead of BFSI, financial inclusion & fintech," said Amit Bhatia, Founder of Aspire Circle & Creator - Impact Future Project, in a statement.

"Covid-19 has thrown open India's health infrastructure fault-lines and both entrepreneurs and investors are on an epic mission to convert the crisis into an investment opportunity," he added.

The report also spells out India's top ten outstanding investment ideas, being shaped by new-age technologies, innovative business models, delivery platforms and regulatory environment: preventive and primary healthcare; pharma, drug, and vaccine manufacturing; screening, diagnostics, and testing; affordable healthcare and operational efficiency; medical tourism; e-healthcare and telecare; health insurance and innovative impact financing; e-pharmacies; medical workforce education and skilling; and gene therapy.

According to Bhatia, the top 10 ideas in the research can lead annual investment growth from $52 to $179bn between 2020 and 2030 and grow related revenues from $183 to $610bn.

"These top 10 ideas will serve and impact 1.5 bn Indians, create 12 million cumulative jobs and grow the overall sector to a colossal USD 774 billion by 2030 - an incredible promise worth nurturing," he said.

--IANS rvt/vd

( 275 Words)

2022-02-23-19:00:04 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE HEALTH NEWS
Study finds how childhood sedentariness ...
Longer genes are associated with ageing...
Dr. Dangs Lab aims to revolutionise heal...
Researchers find ways to reduce side eff...
Study gives insight into role of specifi...
Collaborative study between bariatric, t...
More...
 
INDIA WORLD ASIA
'INDIA bloc has no presence; united to a...
'For elections, people support needed, n...
AAP workers protesting against Kejriwal'...
'Will fight till the end': Congress lead...
India Coast Guard evacuates ailing man f...
UP's improved law and order to be the do...
More...    
 
 Top Stories
India sees UNSC resolution on cease... 
IPL 2024: Delhi Capitals win toss, ... 
"There's lot of time, talks underwa... 
Elvish Yadav visits Siddhivinayak T... 
Sita Ram Meena appointed as India's... 
Pratt & Whitney Canada signs en... 
"My first ever": Shehnaaz Gill lend... 
'Faces look bright using fair and l...