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2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Healthcare sector in India is expected to reach a size of $50 billion by which year?
A
2030
B
2025
C
2022
D
2023
Explanation: 

Detailed explanation-1: -NEW DELHI: India’s healthcare industry is expected to grow to hit $50 billion in size by 2025, said Union minister Jitendra Singh on Wednesday.

Detailed explanation-2: -Union Minister Jitendra Singh spoke about India’s health sector at the 14th CII Global MedTech Summit. He said that the health sector is expected to reach $50 billion by 2025. The Union Minister added that India will soon become a manufacturing hub of medical devices.

Detailed explanation-3: -Science and Technology Minister Dr Jitendra Singh has said that the Healthcare sector in India is expected to reach a size of 50 billion dollars by 2025.

Detailed explanation-4: -India’s healthcare industry has been growing at a Compound Annual Growth Rate of around 22% since 2016. At this rate, it is expected to reach USD 372 Billion in 2022. Healthcare has become one of the largest sectors of the Indian economy, in terms of both revenue and employment.

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