India's healthcare industry is expected to reach 372 billion dollar in 2022. The country's healthcare sector has grown rapidly over the last five years, at a compound annual growth rate of around 22 per cent. NITI Aayog has released a report outlining the range of investment opportunities in various segments of the healthcare sector. NITI Aayog in a tweet said, "The report on Investment Opportunities in India's Healthcare Sector was released today by NITIAayog Member Dr. VK Paul, CEO amitabhk87, Additional Secretary Dr. Rakesh Sarwal, Policy Specialist urvashi01 & Sr. Consultant kmadangopal."
India's healthcare industry includes hospitals, medical devices and equipment, health insurance, telemedicine, home healthcare and medical value travel. Healthcare has become one of the largest sectors of the Indian economy, in terms of both revenue and employment
The report says, healthcare has become one of the largest sectors of the Indian economy, in terms of both revenue and employment. The sector has been growing at a CAGR of 22 per cent since 2016, employing 4.7 million people directly. As per estimates by the National Skill Development Corporation, healthcare can generate 27 lakh additional jobs in India between 2017 and 2022 - over 5,00,000 new jobs per year.