Millions of jobs through investment in the health sector, emphasis on the PPP model

India's healthcare sector is poised to expand rapidly in the coming years. According to a joint report by Praxis Global Alliance and NATHEALTH, 

the country's healthcare market could reach nearly $700 billion (approximately Rs 66 lakh crore) by 2030. Currently, its size is estimated at around $300 billion in FY26.

Financing system still weak

The report states that the sector is growing rapidly, but the funding structure remains fragmented and weak. In India, the vast majority of medical expenses remain out-of-pocket for ordinary people, increasing the financial burden.

Highest out-of-pocket expenses

Approximately 44% of total health expenditure in India is paid out-of-pocket, the highest in the world. Furthermore, approximately 430 million people still lack effective health insurance coverage, making treatment even more expensive.

Major lack of infrastructure

According to the report, India has only 0.9 doctors and 1.6 hospital beds per 1,000 people. By 2035, the country will need approximately 1 million new doctors and 1.45 million additional beds to meet the needs of the growing population and patients.

Investment will create employment

Strengthening the health sector will require an investment of over $200 billion by 2035. According to the report, every $1 million invested could create 23 to 27 new jobs, thereby increasing employment opportunities.

Public-private partnership is essential

Ameera Shah said that the dream of a developed India will only be realized when the country's health system is strengthened. To achieve this, the government and the private sector must work together. 

Overall, India's health sector is growing rapidly, but strengthening it requires better funding, insurance coverage, and significant investment in infrastructure.