WHY Global Economic Experts are Giving THUMBS UP to HEALTHCARE Sector INDIA? (TRENDING TOWARDS US$ 372 BILLION MARK BY 2022)
I ndian Healthcare sector seems to be in mode of steady and prolific growth. Down the line, the forecast seems promising. Expectation is sky-high with dreams of total industry size touching US$ 372 billion by 2022. This sector should definitely record a Compound Annual Growth Rate (CAGR) of 16.28% in the time frame of 14 years (2008 to 2022 to be more specific). The business revenue earned from this sector stood at handsome figures of Rupees 4 trillion (US$ 61.79 billion) in the year 2017. If it maintains the stated CAGR, a whopping 8.6 trillion (US$ 132.84 billion) would not be a dream that’s far away. ( i ) Statistics reveal that forecast proved true in the past years and is expected to continue the same curve. In 2017 the expectation was US$ 160, which now is an established figure in the business world. From 2008 till the close of year 2017, India has been witnessing steady rise; the business milestones of each year seem to have excelled he gr...