A balanced PPP model holds transformative potential for India's healthcare ecosystem

Dr Azad Moopen, Founder and Chairman of Aster DM Healthcare, in an interaction with Kalyani Sharma, shares his insights on the key forces shaping India's healthcare future, the role of public-private partnerships, digital transformation, workforce development, and Aster's vision for sustainable and inclusive growth

- Kalyani Sharma

What, according to you, are the most critical forces shaping the future of healthcare in India, and how do you see the sector contributing to India's journey towards becoming a $5 trillion economy?

As India advances toward its $5 trillion economic vision, the healthcare sector must be viewed as a powerful catalyst for economic growth. Beyond improving the well-being of citizens, the sector fuels employment, infrastructure expansion, and innovation which forms the key pillars of a thriving economy.Government initiatives such as Ayushman Bharat and the National Digital Health Mission have made notable strides in expanding access.

However, increasing public health expenditure, currently around 2 per cent of GDP and addressing regional disparities remain crucial. A comprehensive approach centered on accessibility, affordability, and sustainability will be vital to ensure equitable healthcare across both urban and rural regions.Innovation and technology will continue to define the sector's future. The rapid adoption of telemedicine, digital health solutions, and AI-driven diagnostics is already transforming healthcare delivery. These advancements not only enhance patient outcomes but also contribute significantly to economic momentum by generating employment and strengthening allied industries, including pharmaceuticals, medical devices, and health tourism.

Despite progress, India's healthcare spending remains at around 2 per cent of GDP. What policy reforms or public-private partnership models do you believe are essential to improve accessibility and affordability of healthcare?