Business Today

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The Business of Healing

Business Today

TREE OF HEALTH • India’s healthcare story has immense untapped potential, despite the country spending just 3% of GDP on healthcare—well below that of many developed and many emerging economies. The country’s hospital sector is poised for rapid expansion. The market is projected to more than double to $202.5 billion by 2030, driven by rising incomes, expanding health insurance, increasing demand for quality care, and greater private investment. The private sector contributes around 62% to India’s healthcare infrastructure and the public sector contributes around 38%

‘‘Acquisition is the easy part; execution is what creates value” • Ranjan Pai, Chairman, Manipal Education and Medical Group, on his professional journey, learning from failures, and what makes the group click

India’s PRIVATE HOSPITAL Boom • INDIA’S HOSPITAL CHAINS ARE RACING TO ADD BEDS, RAISE CAPITAL, AND EXPAND ACROSS THE COUNTRY. INSURANCE IS BRINGING MORE PATIENTS INTO THE FORMAL HEALTHCARE SYSTEM, WHILE INVESTORS ARE POURING IN BILLIONS. WILL IT MAKE QUALITY HEALTHCARE MORE ACCESSIBLE OR SIMPLY MORE EXPENSIVE?

THE DOCTORPRENEURS • WHEN A GENERATION OF DOCTORS WILLING TO STEP OUT OF CLINICAL PRACTICE BUILT THE PRIVATE HEALTHCARE INDUSTRY, THEY DID MORE THAN CREATE HOSPITALS. THEY INSPIRED A NEW GENERATION TO BUILD HEALTHCARE BUS INESSES OF THEIR OWN.

Health Spend in DEFICIT • The Centre and states have slightly increased spending on health. But funds remain inadequate and inefficient usage a concern. As the country begins to age faster, is there a scope to correct this?

The Rising Cost of Health Insurance • Health has emerged as the fastest growing segment in the non-life insurance segment. However, the market remains under-penetrated—one reason being rising premiums and treatment costs

India Inc’s Wellness Dividend • Corporate India is investing in personalised welfare programmes for a healthier, more productive workforce

Mental Health Comes of Age • As demand for therapy surges beyond metros, start-ups, hospitals, and investors are working to transform mental healthcare from an awareness movement into a sustainable segment

Swadeshi Medtech • India is trying to encourage local manufacturing of medical devices. Despite a host of incentives, it has had limited success

Healthcare’s AI Turning Point • From diagnostics to hospital operations, AI is proving its commercial value. The next challenge is scaling it responsibly while balancing costs, governance and patient trust

Heal the WORLD • India’s medical tourism ecosystem has gone through many phases. From just being affordable, it now offers more value. But more needs to be done

Unsung Heroes of Medical Tourism • Language translators are the key to India’s medical tourism ecosystem, bridging language barriers and cultural divides between international patients and healthcare providers

A Health System That Reaches All • Universal health coverage is central to the Viksit Bharat vision

The Future of Healthcare is in Learning from Each Other • Medicine continues to evolve as patients are more informed than ever, and they actively seek information and ask questions about treatment options

The Moksha Economy • The hottest luxury amenity in India is not a private pool or a rarer vintage—it is inner peace. From exclusive temple rituals and Ganga aartis to Ayurveda, hospitality brands are transforming India’s ancient traditions into premium experiences

TRANSITION AT TATA • HOW THE INCOMING CHAIRMAN ADDRESSES THE HUGE LOSSES AT AIR INDIA AND THE WAY FORWARD FOR TATA...