Top Healthcare Stocks in India To Buy

In 1995, the per capita income of India was at $ 500 while in 2023 it reached at $ 2500 and is estimated to reach the $500 level by 2030. As they say health is wealth and that is why we are here today to discuss about the best health care stocks in India to invest with the rise in the purchasing power of the Indian people.

The medical science worldwide has come a long way and has played an integral role in increasing the life expectancy among humans in the last century.  Post the influenza pandemic in 1918, modern medicine and health science has taken huge strides, and the health sector has emerged as a huge industry in itself.

Overview of the Indian Healthcare Sector

The Indian healthcare industry is booming with a projected value of USD 638 billion in 2025 which is a significant growth from USD 110 billion in 2016.  In terms of employment, the Indian healthcare sector employs a total of 7.5 million people. Indian healthcare system can be categorized in broadly two sector- public and private. Indian healthcare is world-class yet the cheapest in the world. 

The government carries out several affordable health schemes for the people such as National Health Mission, Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), PM National Dialysis Programme, National Medical Commission and others. The Indian government set aside ₹90,659 crore (US$10.93 billion) for the Ministry of Health and Family Welfare (MoHFW) in the temporary budget for the 2024-2025 fiscal year. 

Know in detail about top healthcare stocks in India