Healthcare Sector to Generate Millions of Jobs in India by 2030

The healthcare sector has always remained one of the key drivers of the global economy. As long as life exists on the planet, the need for proper healthcare infrastructure is inevitable. It is the years-long dedication and extensive research and developmental activities that have ensured the sustenance of life on earth and the eradication of numerous diseases. Today, the world is immune to multiple diseases that used to be life-threatening even a few decades ago. Billions of dollars have already been invested in the health care sector, and in the near future as well, the investment amount is not showing any signal of slowing down. In fact, there would be more developments in the sector, courtesy to an increased amount of funding around the globe. The World Health Organization (WHO) has ranked India at 112th position in terms of the country-based health system. However, there is still much room for improvement since this rank is well below the positions of lesser developed countries like Iraq, Iran, Indonesia, and Bangladesh.

At the International Institute of Health Management Research (IIHMR), New Delhi, we understand the importance of healthcare research and development and how it impacts the society. Our aim has always been to create a favourable learning environment that will help our students grow in terms of knowledge and practice. For fruition of our goals, we have heavily invested in the state of the art research facility we have in our campus. We believe that proper dissemination of knowledge is only possible when the educators themselves are well-equipped with the industry standards. With so many new jobs coming up today, it takes more than mere textbook knowledge to emerge as a successful professional in the healthcare industry. We ensure that our students gain maximum industry exposure through our inbound facility that makes use of the latest industry tools and practices.

Healthcare Sector Registering Growth in Employment Opportunities

Currently, the global healthcare sector is valued at $8 trillion, which makes it one of the largest industries in terms of volume. The 21st century is by far the epitome of innovation. So, it’s more than mere speculation that the world would require more professionals to keep up with the ever growing industrial demand. So far, the healthcare industry has been the largest employer among all others. The World Bank has already made it clear that by the year 2030, there would be a shortage of roughly 80.2 million workers worldwide. In India, there would be a demand for 6 million qualified nurses and 2 million specialized doctors by 2030.

With More Jobs, Comes Economic Sustainability

Another survey conducted by Boston Consulting together with CII has concluded that the Indian healthcare industry would lead to 40 million new job-related opportunities by 2020. As per the leading economists of the country, the Indian healthcare sector might emerge to be the largest attractor of foreign currency. According to estimates, if the country is able to train 5 million technicians, nurses and doctors, the industry can potentially rake in almost $100 Billion annually. This is indeed going to boost our country’s GDP and ensure economic sustainability.

Shortage of Specialised Workforce

As of now, our country is facing a shortage of about 4 million nurses. It has been seen that there has been a significant drop in the number of nursing applicants. One of the leading reasons behind such a feat is certainly the lack of proper education facility in our country, which we are trying to reduce the gap. Among the other reasons behind the rise in employment opportunity in the healthcare sector is that within the industry there are certain aspects that neither require a doctor nor a nurse to get things done. Those aspects require trained individuals who can carry out a specific project like the monitoring of hospital standards, etc. As we see, there are jobs available in the healthcare marketplace, but the lack of proper manpower is all that worries us.

In a diverse sector like that of healthcare, there is no steady rule for succeeding. The requirement of knowledge also varies at each step of the hierarchy. What is important for a surgeon to know might seem useless for a nurse. We, at IIHMR, as a healthcare institute, are aware of the growing demand for specialist professionals and our aim is to provide a constructive environment that will facilitate the proper supply of healthcare professionals who can make a difference in the industry. Healthcare is all about saving lives and ensuring better living quality for the future generation. We, at IIHMR, Delhi, are striving to contribute largely to the benefit of our society.

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