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Viksit Bharat 2047: How India’s Healthcare Engine Is Gearing Up for a $450 Billion Future

Updated: May 10, 2025 19:20

Image Source: The United Indian
India’s healthcare sector is on a transformative journey, with projections to grow from $55 billion today to a staggering $450 billion by 2047. This ambitious roadmap is powered by innovation, policy reforms, and a focus on accessibility, quality, and affordability.
 
Key Highlights:
  • The Indian pharmaceutical industry, already exporting to over 200 countries, is set to expand its global footprint by leveraging strengths in APIs, finished dosages, clinical research, and pharmacovigilance.
  • Growth will be catalyzed by supportive policies like the U.S. Biosecure Act, which are expected to open new international markets and redefine global healthcare solutions.
  • The sector targets $130 billion by 2030, accelerating to $450 billion by 2047, with a strong emphasis on biosciences, digital health, and R&D.
  • Universal health insurance schemes and increased public spending (targeting 3% of GDP by 2025) aim to reduce out-of-pocket expenses and prevent poverty due to medical costs.
  • Bridging the urban-rural divide is a core priority, with technology-driven solutions such as telemedicine and digital health records enhancing access and engagement, especially in remote areas.
  • Quality standards will be institutionalized across products and services, supported by health technology assessments and regulatory reforms.
  • The roadmap envisions India as a global innovation hub, not just for generics but for affordable, high-quality health products and services, including traditional systems like AYUSH.
  • Investment in healthcare talent, local manufacturing, and public-private partnerships will underpin sustainable growth and export potential.
A culture of health and wellness, driven by education, awareness, and preventive care, will be fostered to maximize healthy life years and economic productivity.
 
Source: Economic Times Pharma, Bain & Company, NATHEALTH

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