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The Large-scale Impact of Small-scale Financing Innovation on the Healthcare in India

Healthcare is BIG business, and as costs skyrocket worldwide, many are being left behind. While current healthcare spending in India exceeds Rs. 5 lakh crore, according to estimates by Technopak Healthcare, healthcare spending in India is due to reach $323 billion in 2023.  Indian’s pay on average 60% to 70% of healthcare costs out of pocket andthe insurance market is growing steadily, revenue from insurance premiums in India still only amounts to about Rs. 15,000 crore. Though healthcare costs in India pale in comparison to

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Frugal Innovation Enhancing Healthcare Access in India

As an exponentially growing population with an increasing life expectancy strains the medical care system worldwide, healthcare emerges as a major area of innovation. This is most prominent in emerging markets like India, were the cost of healthcare is as important a factor as the quality of the product or service being provided. As a result, India has become a hub for frugal healthcare innovation, demonstrating what is possible in a resource strapped environment struggling with the natural constraints of development. The healthcare system in India

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