The government believes that the domestic healthcare industry, going ahead, will be one of the largest generators of employment, especially in rural India which accounts for over 70% of country’s population.
“The healthcare sector is expected to generate employment for millions of people by 2020. Health industry an important pillar for growth of the healthcare sector and millions of jobs to be created,” said D. V. Sadananda Gowda, minister of chemicals & fertilizers. “The government is taking several initiatives such as 100% FDI for pharma sector, greenfield investment opportunity, flagship schemes such as Ayushman Bharat and Pradhan Mantri Jan Aushadhi Yojana and setting up of R&D centres to give a boost to the sector,” he said.
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Gowda was speaking at a healthcare event organised by the PHD Chamber of Commerce and Industry. According to a January 2019 report on healthcare by India Brand Equity Foundation (IBEF), a trust established by the department of commerce, ministry of commerce and industry, India is expected to rank amongst the top three healthcare markets in terms of incremental growth by 2020.
Source: livemint
