Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. Due to this outbreak, the healthcare sector was one of the worst affected. Also, it needed the most investment and had to respond quickly and effectively to manage this crisis. The industry has been witnessing the loss of business and this trend is expected to continue for the foreseeable future (at least 3-6 months), and the fact that the sector’s costs are predominantly (around 80 percent) fixed, it is expected that there will be losses and severe impact on cash flows.
The Indian Government had acted rapidly to allocate funds, resources, and manpower. It announced relief packages for the marginalized communities and covered costs. Specific research centers in the country need to work to quickly mitigate any further damage. As of March 31, 2021, >6.30 crore (6,30,54,353) vaccine doses have been administered through 10,46,757 sessions across the country. Despite the Covid impact the hospital industry in India is forecast to increase to Rs. 8.6 trillion (US$ 132.84 billion) by FY22 from Rs. 4 trillion (US$ 61.79 billion) in FY17 at a CAGR of 16–17%.