Healthcare
India's out-of-pocket healthcare spending drops significantly, govt data shows
Indian families now pay less for healthcare. Out-of-pocket spending fell from 64.2% to 43.4% in ten years. This is due to the government spending more on public health. Government health expenditure as a share of GDP has also increased. Per capita spending on health has grown significantly. This shows a stronger health financing safety net for citizens.
Out-of-pocket expenditure share declines by 21 percentage points from 2013-14: Health ministry
Government health spending has risen, leading to a significant drop in out-of-pocket health expenses. This decline, from 64.2% in 2013-14 to 43.4% in 2022-23, shows improved access to healthcare. Initiatives like Ayushman Arogya Mandir provide free services, reducing household financial burdens.
Lord’s Mark Industries receives BSE listing approval under PPIRP
Lord's Mark Industries Ltd. achieved a historic first, securing stock exchange listing approval under India's IBC scheme of PPIRP. This significant milestone, expected to see trading commence around June 2026, underscores the company's successful restructuring and future growth ambitions. Driven by a vision inspired by Ratan Tata, the company aims to contribute to national progress across key sectors.
Health services, medical education expansion to be driven by modern tech: Yogi Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath reviewed health and medical education. He stressed improving treatment quality and expanding services. Medical colleges and nursing institutions will be strengthened with modern technology. Ayushman Yojana support for the poor was highlighted. Efforts are underway to enhance emergency services and control communicable diseases.
India medical tourism market feels the weight of Iran war
India's medical tourism sector faces challenges as West Asian tensions continue. Overseas patient numbers remain lower than before the conflict intensified. Hospital chains report a gradual increase in inquiries and arrivals, but traffic has not fully recovered. Prolonged geopolitical uncertainty could also raise operating costs through inflation and currency fluctuations.
Park Medi World to acquire Medicity Hospital in Rudrapur, enter Uttarakhand
Hospital chain Park Medi World Limited is acquiring The Medicity Hospital in Rudrapur. The deal is valued at Rs 177 crore and is an all-cash transaction. This acquisition marks Park Group's entry into Uttarakhand. The Medicity Hospital is a multi-super speciality facility with 330 beds. This move aligns with the company's growth strategy to expand its network in underserved markets.
Sakar Healthcare partners with Zydus Lifesciences for GCC Markets
Sakar Healthcare has partnered with Zydus Lifesciences to supply oncology products in GCC countries and other emerging markets. This marks the company's 40th global agreement in the anti-cancer segment. Sakar Healthcare is expanding its international oncology business and strengthening its presence in emerging markets. The company is also progressing with regulatory filings and approvals in highly regulated markets.
Fortis liability case: Delhi HC says blame can't be shifted to third party
Amid ongoing legal disputes, the Delhi High Court is probing Fortis Healthcare's oversight concerning the sale of shares belonging to the Singh brothers, former promoters of the company. The court's remarks suggest that Fortis had a responsibility to inhibit such transactions.
Invisalign maker Align Technology to invest Rs 1,800 crore in Hyderabad plant
US firm Align Technology will invest Rs 1,800 crore in Hyderabad for its first Indian manufacturing plant. This facility will be the company's fourth globally. It is expected to create over 300 jobs. The investment will boost Align Technology's existing operations in the city. The new plant will support its worldwide production of clear aligners.
