The healthcare sector’s advancement in India has made it one of the largest industries in the country.
Nevertheless, even though with the healthcare industry’s valuation expected to touch $372 billion, challenges in the form of insufficient infrastructural and healthcare finance availability still exist.
Initiatives like government investments can, however, do away with such roadblocks, or at least reduce them for the targeted development of the sector as well as the country.
The Government of India’s plans to increase healthcare funding up to 2.5% of the country’s GDP by 2025 can be a game-changer.
Further, investments in the healthcare agenda of their Sustainable Development Goals are also expected to be a significant contributor. Not to mention, initiatives like Ayushman Bharat can only take the sector towards prosperity.
As for the country’s increasing disease burden with a significant rise in chronic diseases, healthcare professionals aim to level up their services through personal as well as staff skill enhancement.
Herein, private financing has a critical role to play in meeting the investment requirements of doctors at the grass-root level, thus bringing immediate impact. In this regard, multiple private financial institutions bring loans for doctors to help healthcare professionals meet the funding gap.
These advances can be utilised for a range of medical care investments. Thus, a planned approach to fulfilling the investment requirements of the healthcare sector can be a key to not only improve India’s medical care facility but also in the overall growth of the country.