India has a history of alternative and natural medicines dating back to centuries ago. The healthcare sector in India today has diverse doctors. Hospitals, medical devices producers, medical equipment, health insurance, medical infrastructure and the growing industries of telemedicine and medical tourism. Therefore, India will rank amongst the top 3 healthcare markets in 2021. On the other hand, the healthcare information technology market will grow 1.5 times from the current $1 billion. In order to combat the impact of COVID-19 on this industry, the Indian government also release the package of 15000Cr Rs to improve the healthcare facilities. 100% FDI is allowed under the automatic route for Greenfield projects.
This gives large opportunities for foreign companies. With a large pool of well-trained medical professionals, the industry will employ employ about 7.4 million people by 2022.
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