India’s healthcare sector growing fast

Healthcare has become one of India’s largest sectors both in terms of revenue and employment.

During 2008-22, the market is expected to record a CAGR of 16.28 per cent.

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The total industry size is expected to touch US$ 160 billion by 2017 and US$ 372 billion by 2022.

Indian companies are entering into merger and acquisitions with domestic and foreign companies to drive growth and gain new markets.

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The hospital industry in India stood at US$ 61.79 billion in 2017 and is expected to increase at a Compound Annual Growth Rate (CAGR) of 16-17 per cent to reach US$ 132.84 billion by 2023.

Engagement through regular visits and providing innovation should prove to be fruitful in this growth economy.

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Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

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