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Sector Overview

Although, India has made considerable improvement in healthcare parameters since independence, we lag behind most of our fellow developing countries, when it comes to providing quality healthcare to our people. India’s population is expected to touch 1.45 billion by 2028 making it the world’s most populous nation surpassing China. This brings us to the twin challenges of a growing geriatric population of 168 million by 2026 and change in disease pattern with increasing number of people suffering from combination of communicable and non-communicable diseases.

These factors coupled with increasing awareness levels and insurance penetration would drive the growth of the healthcare sector in the country. The sector is expected to grow at a CAGR of ~16% to reach USD 280 billion in 2020 (from USD 73 billion in 2011). In order to achieve the desired healthcare infrastructure and access to care, total healthcare spending in India would need to increase to 6-7% of the GDP in the next 5 years.

Several initiatives of the government over the past couple of years like the Swachh Bharat, Skill India, Digital India, Start-up India, Make in India are paving the way for revolutionizing Indian healthcare. For the desired changes and a healthy growth of the healthcare sector, a well-defined partnership between the government and the private sector is essential.

FICCI's Engagement

FICCI Health Services Committee constituted in 2006, has been pivotal in facilitating interaction among stakeholders to jointly work towards creating the building blocks for achieving quality healthcare through initiatives like:
  • Standard Treatment Guidelines (STGs) for tertiary, secondary and primary care
  • National Costing Guidelines
  • Categorisation of healthcare providers
  • Standardization of quality indicators
  • National Electronic Health Records
  • Innovation in Healthcare
  • Non-communicable diseases
  • Bridging the skill gaps and
  • Advocating quality through accreditation of hospitals and laboratories
In view of the inadequate healthcare infrastructure, human resource, regulations and quality, the Committee has submitted recommendations to the Government from time to time. Recently we have been supporting the government by providing inputs and recommendations for the new National Health Policy 2017and NITI Aayog’s Vision Document for Health, workable models for PPP projects especially for Medical Education and NCDs as well as other significant issues like nursing reforms and public health.

Committee's Objectives:
  • Provide recommendations for policy change and regulatory reforms
  • Promote and disseminate information on Quality Assurance Mechanism
  • Facilitate streamlining of sectoral issues amongst stakeholders
  • Develop white papers on relevant issues with stakeholder consultation
  • Provide Networking and collaboration Platform