India is at the cusp of a massive upscaling of its healthcare services exports. IBT analyses the critical action points for stakeholders to capitalize on this unique window of opportunity.
The pandemic exposed critical deficiencies that Indian healthcare needs to address, especially with lack of infrastructure and equipment – beds, medical staff, PPEs, oxygen, diagnostic kits, etc – and healthcare staff. As cases rose exponentially, even hospitals in tier 1 cities struggled to cope, especially in the second wave.
But these constraints alone do not define the Indian healthcare sector. When you look at India’s impressive rise in medical tourism, one could argue that the glass is actually half full. India has a number of state-of-the-art healthcare facilities with demonstrated capability for simple to complex medical procedures and excellent post-operative care at highly economical prices. Indian doctors and healthcare workers are recognized as being among the best in the world. The country has 37 Joint Commission International (JCI) accredited hospitals and 513 hospitals accredited by the National Accreditation Board for Hospitals & Healthcare Providers (NABH). Apart from this, India has distinct advantages with AYUSH and wellness therapies, which have been gaining recognition over the years.
The health and wellness sector has huge potential & scalability to grow its share in India’s services exports across modes. The country is projected to create 1 million health professionals every year, which can be juxtaposed with a projected global shortage of 12.9 million professionals by 2035. This cover story discusses key strategies to help realise this vision.
Trade & business news updates from across the world.
Digital banking is widely touted as the future of banking in India. But is the ecosystem ready?
India’s global ranking on passport power is inconsistent with its growing economic stature.
Blockchain technology is a powerful tool for MSMEs to increase their international footprint.
Is edtech well primed to catalyse equitable access to education in the post-pandemic years?
The quagmire facing Indian steel.
To unleash the full potential of carbon trade, we need a regulated, transparent emissions trading programme.
With the correct policy support and robust infrastructure, India can become a prominent dairy exporter.
The new system will allow a comfortable mechanism to any country seeking to trade with India.
Dr. Sunitha Raju discusses the WTO’s work programme & India’s role in addressing developing nations’ concerns.
HE Mr. Wael Hamed, Egypt’s Ambassador to India, discusses Egypt’s strengths as an investment destination.
Hans-Joerg Hoertnagl, Commercial Counsellor & Trade Commissioner, Austrian Embassy on India-Austria relations.
The growth of sustainable fashion business looks bright. However, this expansion is not without hurdles.
The concept of sustainable fashion is still in infancy in the Indian context according to Manisha Kinnu, Campus Director, NIFT.
A post-COVID roadmap for India’s healthcare exports
Dr. Pralok Gupta, Associate Professor, IIFT
Dr. Girdhar Gyani, DG, AHPI (India)
Dr. Upasana Arora, Director, Yashoda Super Specialty Hospitals
Dr Atul Mohan Kochhar, CEO, NABH
Dr. D C Katoch, Senior CMO (Ayurveda), CGHS
Discover what kept TPCI busy the last quarter.
The fascinating journey of tea across the world.
Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.