|
|
|
|
|
Why India
- India spends US$23 billion – 5.5 per cent of its GDP on
healthcare. This is comparable with most other developing countries, which spend
between 5 and 7 per cent of their GDP on healthcare. This expenditure will double
by 2012.
|
- This growth will be driven by the phenomenal rise in lifestyle
diseases, especially cancer, diabetes and cardiovascular disease. Growth rate is
18% a year.
|
- People are spending more on the healthcare. 80% spending in
healthcare is the private out of pocket spending.
|
- Role of Insurance is increasing rapidly, with the entry of private
and foreign insurers.
|
- Investor Friendly business environment. Friendly foreign investment
and dividend repatriation laws.
|
- Foreign investment is allowed in all healthcare sector. 100%
foreign investment projects receive approvals without delay or even cleared under
automatic schemes.
|
|
- To meet the demand for healthcare in 2012 and improve the availability
of hospitals beds and doctors, the infrastructure will need to improve significantly.
Around 750,000 additional beds will need to be added to the existing base of 1.5
million beds. An additional 520000 physicians will be required over and above the
numbers that will be added through existing medical colleges, to each a ration of
1 allopathic practitioner per thousand people.
|
- Creating this infrastructure will require investments in hospitals
(secondary and tertiary), medical colleges, nursing schools and hospitals management
schools. We estimate that creating this capacity will require US$20 – 30 billion
over the next 10 years. After taking into account the expected capital investment
by government and multilaterial agencies during this period, we believe that almost
80 per cent of this amount will need to come from the private sector.
|
|
|
