Current - Issue
Year 2026 · Volume 6 · Issue 5
Original Article
Evolving Dynamics of India's Healthcare and Biotechnology Sectors Health Economics, Outcomes, Market Drivers, and Policy Interventions in Care Delivery
Abhishek Goil1
Nripesh Kumar Nrip2
1 Department of Healthcare Innovations & Technology, Hedexco, Gautam Budh Nagar, Uttar Pradesh (Greater Noida region). India. 2 Department of Computer Applications, Bharti Vidyapeeth Institute of Management and Research, New Delhi, India.
Published Online: September-October 2026
Pages: 301-310
Cite this article
↗ https://www.doi.org/10.59256/ijrtmr.20260605033References
1. BioSpectrum India. (2025, March 21). India's BioEconomy hits $165.7 B in 2024, with moderate decline in growth momentum. https://biospectrumindia.com/news/86/25864/indias-bioeconomy-hits-165-7-b-in-2024-with-moderate-decline-in-growth-momentum.html
2. Biotechnology Industry Research Assistance Council (BIRAC) & Association of Biotechnology Led Enterprises (ABLE). (2024). India BioEconomy Report 2024. Department of Biotechnology, Government of India. https://www.birac.nic.in/webcontent/IBER_2024.pdf
3. Business Day. (2023, May 10). India's rural citizens feel pain of acute doctor shortage. https://www.businessday.co.za/bd/world/asia/2023-05-10-indias-rural-citizens-feel-pain-of-acute-doctor-shortage/
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10. Daily Pioneer. (2024). India pharma exports rise 10 per cent in FY24. https://www.dailypioneer.com/2024/business/india-pharma-exports-rise-10-per-cent-in-fy24.html
11. Down To Earth. (2024, August 12). As told to Parliament (August 9, 2024): Government health expenditure stood at 1.9% of GDP in 2023-24. https://www.downtoearth.org.in/governance/as-told-to-parliament-august-9-2024-government-health-expenditure-stood-at-19-of-gdp-in-2023-24
12. Down To Earth. (2025, January 31). Economic Survey 2024-25: India's health spending doubles in four years to Rs 6.1 lakh crore. https://www.downtoearth.org.in/health/economic-survey-2024-25-indias-health-spending-doubles-in-four-years-to-rs-61-lakh-crore
13. Drishti IAS. (n.d.). Indian pharmaceutical sector: R&D and supply chain challenges. https://www.drishtiias.com/pdf/1782424228.pdf
14. Drishti IAS. (2025, September 24). UP leads in Ayushman Bharat-PMJAY implementation. https://www.drishtiias.com/state-pcs-current-affairs/up-leads-in-ayushman-bharat-pmjay-implementation/print_manually
15. Drishti IAS. (2026, May 27). Rise of non-communicable diseases in India. https://www.drishtiias.com/pdf/1787138383.pdf
16. eParlib. (2023). Rajya Sabha unstarred question reply on pharmaceutical industry and PLI schemes. https://eparlib.nic.in/bitstream/123456789/2973860/1/AU1268.pdf
17. ETV Bharat. (2024, September 10). Shortage of specialist doctors hits rural health sector in India. https://etvbharat.com/en/!bharat/shortage-of-specialist-doctors-hits-rural-health-sector-in-india-enn24091005534
18. Fox News. (2023, May 11). India builds more hospitals to accommodate growing population, but doctors remain in short supply. https://www.foxnews.com/world/india-builds-more-hospitals-accommodate-growing-population-but-doctors-remain-short-supply
19. India Brand Equity Foundation (IBEF). (2026). Biotechnology industry in India. https://www.ibef.org/industry/biotechnology-india
20. India Infoline. (2026). Bulk drug and intermediates ecosystem management discussion. https://www.indiainfoline.com/company/trimurthi-ltd/management-discussions/33252
21. Insights on India. (2025, March 27). India's BioEconomy Report 2024: Growth, challenges & $1 trillion vision.
https://www.insightsonindia.com/2025/03/27/india-bioeconomy/
22. Kirtane & Pandit. (2025). Healthcare affordability in India: Progress and global perspective. https://www.kirtanepandit.com/blog-detail/117/healthcare-affordability-in-india-progress-and-global-perspective
23. Kotak Securities. (n.d.). Ayushman Bharat and PMJAY overview. https://www.kotaksecurities.com/ksweb/node/1257
24. La Excellence IAS Academy. (2025). Ayushman Bharat - PM-JAY: Latest report highlights (2025). https://laex.in/prelims-fact-sheet/ayushman-bharat-pm-jay-latest-report-highlights-2025/
25. Morung Express. (2024). India's pharma exports continue to grow at brisk pace. https://morungexpress.com/indias-pharma-exports-continue-to-grow-at-brisk-pace
26. News on Air. (2025a, March 21). India's bioeconomy hits $165B; Dr. Jitendra Singh launches Bio-Sarthi & BioEconomy Report. https://www.newsonair.gov.in/indias-bioeconomy-hits-165b-dr-jitendra-singh-launches-bio-sarthi-bioeconomy-report
27. News on Air. (2025b, April 19). India's pharmaceutical exports reach over 30 billion dollar in financial year 2024-25. NIS (New India Samachar). (2025, September 16-30). Ayushman Bharat: Protective cover of Jan Arogya. https://newindiasamachar.pib.gov.in/WriteReadData/flipbook/2025/Sep/2nd/English/files/basic-html/page14.html
28. Outlook Money. (2026). Ayushman Bharat PM-JAY: Coverage, hospital admissions, and number of beneficiaries explained. https://www.outlookmoney.com/retirement/ayushman-bharat-pm-jay-coverage-hospital-admissions-and-number-of-beneficiaries-explained
29. Press Information Bureau (PIB), Government of India. (2025a). Share of government health expenditure in the total health expenditure has increased from 29.0% to 48.0% between FY15 and FY22: Economic Survey 2024-25. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2097868
30. Press Information Bureau (PIB), Government of India. (2025b). The rise of India's bioeconomy from $10bn to
31. $165.75bn in a decade. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2115882
32. Press Information Bureau (PIB), Government of India. (2025c, September 5). India: A global bioeconomy powerhouse. https://static.pib.gov.in/WriteReadData/specificdocs/documents/2025/sep/doc202595628601.pdf
33. PMF IAS. (2025, March 26). Healthcare expenditure in India. https://www.pmfias.com/healthcare-expenditure-in-india/
34. Prabhakaran, D., & Yusuf, S. (2010). Cardiovascular disease in India: Lessons learnt & challenges ahead. Indian Journal of Medical Research. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3028960/
35. Prabhakaran, D., Jeemon, P., & Roy, A. (2016). Cardiovascular diseases in India: Current epidemiology and future directions. Circulation, 133(16), 1605-1620. https://doi.org/10.1161/CIRCULATIONAHA.114.008729
36. Rajya Sabha Secretariat. (2025, February 4). Starred Question No. 26: Beneficiaries under AB-PMJAY. https://rsdebate.nic.in/bitstream/123456789/757667/1/PQ_267_04022025_S26_p78_p81.pdf
37. The Print. (2024). Rural India has an 80% shortfall of specialist doctors. MP, Gujarat, Tamil Nadu worst off. https://theprint.in/health/rural-india-has-an-80-shortfall-of-specialist-doctors-mp-gujarat-tamil-nadu-worst-off/2259874/
38. The Tribune. (n.d.). Address shortage of medical specialists. https://www.tribuneindia.com/news/comment/address-shortage-of-medical-specialists-473709/amp
39. UJA. (2025, November 23). India's biotechnology industry: Driving innovation & growth. https://uja.in/blog/market-reports/indias-biotechnology-industry-driving-innovation-growth/
40. Vajiram & Ravi. (2024, March 3). Mains articles for 3-March-2024: Pharmaceutical industry and PLI scheme. https://vajiramandravi.com/upsc-daily-current-affairs/mains-articles/d/3-March-2024https://newsonair.gov.in/indias-pharmaceutical-exports-reach-over-30-billion-dollar-in-financial-year-2024-25
2. Biotechnology Industry Research Assistance Council (BIRAC) & Association of Biotechnology Led Enterprises (ABLE). (2024). India BioEconomy Report 2024. Department of Biotechnology, Government of India. https://www.birac.nic.in/webcontent/IBER_2024.pdf
3. Business Day. (2023, May 10). India's rural citizens feel pain of acute doctor shortage. https://www.businessday.co.za/bd/world/asia/2023-05-10-indias-rural-citizens-feel-pain-of-acute-doctor-shortage/
4. Business Outlook India. (n.d.). Government focusing on production of high value pharmaceuticals: Union Minister Mansukh Mandaviya. https://business.outlookindia.com/news/government-focusing-on-production-of-high-value-pharmaceuticals-union-minister-mansukh-mandaviya-news-264064
5. Business Standard. (2023, August 21). Nearly 750,000 recipients of PMJAY linked to same phone number: CAG report. https://bsppd.business-standard.com/amp/topic/pmjay
6. Business Today. (2024, July 22). Economic Survey 2024: India's pharma exports surge to $27.9 billion, API imports pose challenge. https://www.businesstoday.in/amp/union-budget/story/economic-survey-2024-indias-pharma-exports-surge-to-279-billion-api-imports-pose-challenge-438177-2024-07-22
7. Civils Daily. (2022). Has Ayushman Bharat lived up to its potential? https://www.civilsdaily.com/news/has-ayushman-bharat-lived-up-its-potential/
8. Civils Daily. (n.d.). Cardiovascular disease risk factors and prevention in India. https://www.civilsdaily.com/?p=382463
9. Confederation of Indian Industry (CII). (2025). Market Facilitation Services Newsletter: Pharmaceuticals Manufacturing. https://mfs.cii.in/assets/pdf/CII_Market_Facilitation_Services_(MFS)_Newsletter_Pharmaceuticals_ Manufacturing.pdf
10. Daily Pioneer. (2024). India pharma exports rise 10 per cent in FY24. https://www.dailypioneer.com/2024/business/india-pharma-exports-rise-10-per-cent-in-fy24.html
11. Down To Earth. (2024, August 12). As told to Parliament (August 9, 2024): Government health expenditure stood at 1.9% of GDP in 2023-24. https://www.downtoearth.org.in/governance/as-told-to-parliament-august-9-2024-government-health-expenditure-stood-at-19-of-gdp-in-2023-24
12. Down To Earth. (2025, January 31). Economic Survey 2024-25: India's health spending doubles in four years to Rs 6.1 lakh crore. https://www.downtoearth.org.in/health/economic-survey-2024-25-indias-health-spending-doubles-in-four-years-to-rs-61-lakh-crore
13. Drishti IAS. (n.d.). Indian pharmaceutical sector: R&D and supply chain challenges. https://www.drishtiias.com/pdf/1782424228.pdf
14. Drishti IAS. (2025, September 24). UP leads in Ayushman Bharat-PMJAY implementation. https://www.drishtiias.com/state-pcs-current-affairs/up-leads-in-ayushman-bharat-pmjay-implementation/print_manually
15. Drishti IAS. (2026, May 27). Rise of non-communicable diseases in India. https://www.drishtiias.com/pdf/1787138383.pdf
16. eParlib. (2023). Rajya Sabha unstarred question reply on pharmaceutical industry and PLI schemes. https://eparlib.nic.in/bitstream/123456789/2973860/1/AU1268.pdf
17. ETV Bharat. (2024, September 10). Shortage of specialist doctors hits rural health sector in India. https://etvbharat.com/en/!bharat/shortage-of-specialist-doctors-hits-rural-health-sector-in-india-enn24091005534
18. Fox News. (2023, May 11). India builds more hospitals to accommodate growing population, but doctors remain in short supply. https://www.foxnews.com/world/india-builds-more-hospitals-accommodate-growing-population-but-doctors-remain-short-supply
19. India Brand Equity Foundation (IBEF). (2026). Biotechnology industry in India. https://www.ibef.org/industry/biotechnology-india
20. India Infoline. (2026). Bulk drug and intermediates ecosystem management discussion. https://www.indiainfoline.com/company/trimurthi-ltd/management-discussions/33252
21. Insights on India. (2025, March 27). India's BioEconomy Report 2024: Growth, challenges & $1 trillion vision.
https://www.insightsonindia.com/2025/03/27/india-bioeconomy/
22. Kirtane & Pandit. (2025). Healthcare affordability in India: Progress and global perspective. https://www.kirtanepandit.com/blog-detail/117/healthcare-affordability-in-india-progress-and-global-perspective
23. Kotak Securities. (n.d.). Ayushman Bharat and PMJAY overview. https://www.kotaksecurities.com/ksweb/node/1257
24. La Excellence IAS Academy. (2025). Ayushman Bharat - PM-JAY: Latest report highlights (2025). https://laex.in/prelims-fact-sheet/ayushman-bharat-pm-jay-latest-report-highlights-2025/
25. Morung Express. (2024). India's pharma exports continue to grow at brisk pace. https://morungexpress.com/indias-pharma-exports-continue-to-grow-at-brisk-pace
26. News on Air. (2025a, March 21). India's bioeconomy hits $165B; Dr. Jitendra Singh launches Bio-Sarthi & BioEconomy Report. https://www.newsonair.gov.in/indias-bioeconomy-hits-165b-dr-jitendra-singh-launches-bio-sarthi-bioeconomy-report
27. News on Air. (2025b, April 19). India's pharmaceutical exports reach over 30 billion dollar in financial year 2024-25. NIS (New India Samachar). (2025, September 16-30). Ayushman Bharat: Protective cover of Jan Arogya. https://newindiasamachar.pib.gov.in/WriteReadData/flipbook/2025/Sep/2nd/English/files/basic-html/page14.html
28. Outlook Money. (2026). Ayushman Bharat PM-JAY: Coverage, hospital admissions, and number of beneficiaries explained. https://www.outlookmoney.com/retirement/ayushman-bharat-pm-jay-coverage-hospital-admissions-and-number-of-beneficiaries-explained
29. Press Information Bureau (PIB), Government of India. (2025a). Share of government health expenditure in the total health expenditure has increased from 29.0% to 48.0% between FY15 and FY22: Economic Survey 2024-25. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2097868
30. Press Information Bureau (PIB), Government of India. (2025b). The rise of India's bioeconomy from $10bn to
31. $165.75bn in a decade. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2115882
32. Press Information Bureau (PIB), Government of India. (2025c, September 5). India: A global bioeconomy powerhouse. https://static.pib.gov.in/WriteReadData/specificdocs/documents/2025/sep/doc202595628601.pdf
33. PMF IAS. (2025, March 26). Healthcare expenditure in India. https://www.pmfias.com/healthcare-expenditure-in-india/
34. Prabhakaran, D., & Yusuf, S. (2010). Cardiovascular disease in India: Lessons learnt & challenges ahead. Indian Journal of Medical Research. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3028960/
35. Prabhakaran, D., Jeemon, P., & Roy, A. (2016). Cardiovascular diseases in India: Current epidemiology and future directions. Circulation, 133(16), 1605-1620. https://doi.org/10.1161/CIRCULATIONAHA.114.008729
36. Rajya Sabha Secretariat. (2025, February 4). Starred Question No. 26: Beneficiaries under AB-PMJAY. https://rsdebate.nic.in/bitstream/123456789/757667/1/PQ_267_04022025_S26_p78_p81.pdf
37. The Print. (2024). Rural India has an 80% shortfall of specialist doctors. MP, Gujarat, Tamil Nadu worst off. https://theprint.in/health/rural-india-has-an-80-shortfall-of-specialist-doctors-mp-gujarat-tamil-nadu-worst-off/2259874/
38. The Tribune. (n.d.). Address shortage of medical specialists. https://www.tribuneindia.com/news/comment/address-shortage-of-medical-specialists-473709/amp
39. UJA. (2025, November 23). India's biotechnology industry: Driving innovation & growth. https://uja.in/blog/market-reports/indias-biotechnology-industry-driving-innovation-growth/
40. Vajiram & Ravi. (2024, March 3). Mains articles for 3-March-2024: Pharmaceutical industry and PLI scheme. https://vajiramandravi.com/upsc-daily-current-affairs/mains-articles/d/3-March-2024https://newsonair.gov.in/indias-pharmaceutical-exports-reach-over-30-billion-dollar-in-financial-year-2024-25
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