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The healthcare sector of India is one of the largest and fastest growing economic sectors of the country and comprises a variety of segments, including hospitals, medical devices and equipment, clinical trials, outsourcing & telemedicine, health insurance, and medical tourism.
Healthcare services in India are cost-effective besides being of high quality, as compared to Asia and Western countries, which has resulted in significant medical tourism in India.
India’s healthcare delivery system is categorized into two major components - public and private. The public healthcare system, comprises limited secondary and tertiary care institutions in key cities and focuses on providing basic healthcare facilities in the form of primary healthcare centers (PHCs) in rural areas. The private sector provides a majority of secondary, tertiary, and quaternary care institutions with major concentration in metros, tier-I and tier-II cities.
The Indian healthcare sector is expected to grow at a CAGR of 22% between 2016–22 to reach US$ 372 billion in 2022 from US$ 110 billion in 2016. In the Economic Survey of 2022, India’s public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21 and 1.3% in 2019-20.
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Explore the major benefits of registering your business as a Private Limited Company.
The company and its members are treated as separate legal persons with distinct identities.
The company continues to exist even after death, insolvency, or resignation of shareholders or directors.
Members are liable only up to the unpaid amount on the shares held by them.
Shares can be transferred easily, making ownership transition simple and structured.
Foreign investors and entities can invest directly in a Private Limited Company.
Company information is publicly available, increasing transparency and trustworthiness.
Download our comprehensive guides to help you understand the business landscape in India and make informed decisions.
