India’s medtech market was valued at USD 10 bn in 2014 and is expected to touch USD 50
bn mark by 2025. This is in part due to India’s rising income levels, swelling private sector
investment in healthcare, ageing population, growing medical tourism industry, and government
incentives in the medtech space.
A number of for-profit and not-for-profit organizations have emerged as inclusive business models in India.
Also, many organizations work with the government to provide healthcare services through public-private
partnership (PPP) models.
Digital technology adoption is
already gaining prominence in
India’s healthcare industry, with
efforts from both the public and
private sectors. The government has
launched several initiatives such as
Digital India and Aadhaar in some
cases with support from the private
India has come a long way in the last six decades since independence, especially in terms of improving the
health of its citizens. The life expectancy at birth has risen to 66 years over the past 29 years, which is more
than a twofold increase since the late 1940s.
The Indian healthcare industry is at a very interesting position, delicately poised to grow exponentially over the next decade. With the growing population, increased consumption and rise in ‘lifestyle-oriented’ diseases the future of this industry and its working will have a huge impact on the country’s development.
The healthcare sector in India is a large
contributor towards employment and
Setting the context Year 2015 marks the end of the journey to achieve targets formulated under Millennium Development Goals (MDGs). With India lagging behind in majority of health targets aspired within MDGs, the need of a new policy becomes imperative.
This report is a follow-up to our report ‘Self-reliance in Defence production: The unfinished agenda’ released in 2014, after the new government assumed office. Based on an industry survey, we had made specific recommendations for boosting the indigenization of Defence equipment.
Indian cement industry is one of the highly energy intensive industry which has a robust growth trajectory over the past decade. Indian cement industry is the 2nd largest producer of cement in the world with a total installed capacity of 350 million MTPA.
India, in this competitive global environment, is starting from a position that is far from advantageous. India’s manufacturing sector, with a 15% share of overall GDP, compares poorly with peers like Malaysia, Thailand and Indonesia.
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