Globalisation of Indian healthcare services-A study of doctor”s and senior managers opinion

India has a comprehensive Healthcare system comprising government and private service providers. Indian Healthcare industry is worth Rs. 730 billion, and occupies 4 per cent of country's GDP. In India, the Healthcare system is organised into primary, secondary and tertiary levels of delivery system¹. Looking at numbers, In 2010², the share of service sector in India's gross domestic product (GDP) was nearly 68 per cent, as in 2001. In absolute terms healthcare in India is a Rs. 100,000 crore (Rs. 1,000 billion) sector and accounts for 5.8 percent of the GDP of the nation. It is a large employer, with over 4 million Indians directly employed. To put it in perspective, the Information Technology sector (for all its well founded optimism about its future potential for India), currently generates less than 0.5 million jobs, and accounts for about 1.7 per cent of India's GDP. Healthcare ServicesDuring 2010–11, sales of the industry had grown by 25.4 per cent. During 2011–12 and 2012–13, transactions are expected to grow by a healthy 18.6 per cent and 20.5 per cent respectively on the back of higher occupancy levels in hospitals and revenues per occupied bed. The PAT of the sector is expected to fall by 24 per cent in 2011–12 and grow by17 per cent in 2012–13³. The main factors that will propel this growth are India's large population, and the unsustainably low per capita healthcare spend, currently only Rs. 831 (£11.80)⁴. If this spending pattern increases by 10 per cent (entirely possible, given the yearly GDP growth of 6–6.5 percent), the estimated growth levels can be achieved. The increasingly affluent and more consumer-oriented middle class population of 100 million is demanding and willing to pay for a higher standard of Healthcare. The private sector is playing an increasingly important role in the provision of Healthcare services at present.