Healthcare Industry
The Indian health care industry is witnessing an upsurge due to the increased capital investment and advanced diagnostic facilities, availability of large pool of well trained professionals, increased foreign direct investment and favourable governmental policies. In the 2017-18 Union Budget, the overall health care budget has increased thereby encouraging domestic manufacturers and promoting generic affordable drugs. The recent trend of medical tourism also gaining momentum as India is cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe. This sector has bright prospects of growth and development.