The report also foresees several ways in which business landscape is likely to evolve in the days to come
India’s real GDP decelerated to its lowest in over six years in 3Q 2019-201, and the outbreak of the COVID-19 posed fresh challenges. The three major contributors to GDP — private consumption, investment and external trade — will get affected. Additionally, the report predicts current and potential impact of COVID-19 on various sectors.
Below are the key highlights on the healthcare industry:
- COVID-19’s impact on the health sector has been phenomenally disruptive.
- Public and private sector in all countries will be compelled to increase production of medical equipment and ancillary consumables such as masks, PPEs, ventilators, surgical catheters etc.
- An increase in government’s focus on strengthening paramedical staff may be expected.
- 14 per cent of rural and 19 per cent of urban population has access to health insurance coverage, which will increase as increased awareness of infections and communicable diseases will improve health-seeking behaviour.