This sector is increasingly emerging not only as the sector for attractive foreign investment but also for patients from overseas seeking health care services are flocking to India as the services provided are not only good but many times cheaper. The size of India’s healthcare industry is worth US$ 20 billion. Healthcare is expected to be one of India’s largest industries in the near term with present growth rates of around 13 per cent annually. Further, India needs to add 80,000 hospital beds a year for the next 5 years according to a WHO report. The opening up of the insurance sector to private players is expected to further boost the healthcare industry. Health Insurance will make healthcare affordable to a large number of people.
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