AI investments in India’s healthcare sector are expected to skyrocket, reaching a projected figure of $1.6 billion by 2025.
India’s healthcare sector is projected to grow to $320 billion by 2028, driven by the continued evolution of the country’s pharmaceutical, healthcare and biotechnology industries to meet global demands. () The report states that these industries are witnessing profound transformation due to robust international expansion, further industry consolidation and influx of investments leveraging India’s skilled workforce.
Empower employees and embrace AI
To meet the challenges, organizations in these sectors are creating environments that foster employee development and growth. They are also focusing on critical areas such as artificial intelligence (AI) adoption, personalized employee development programs, and workplace initiatives that align with changing employee expectations. To stay ahead, the report urges companies to redouble efforts to actively cultivate career development pathways, prepare future-ready leaders, and refine their strategies to attract and retain top talent, according to the report.
“The pharmaceutical, healthcare and biotechnology sectors are at an inflection point. What started as a pandemic-driven race has transformed into a marathon of innovation, fueled by a sharp rise in investments in healthcare research and development,” said Balbir Singh, CEO, Great Place To Work, India.
“These investments are not only advancing science but also attracting top talent, as organizations create dynamic environments where people can thrive and contribute to innovative solutions,” he added.
The report noted that pharmaceutical companies are driving success through key areas such as growth through mentoring, upskilling and continuous learning, as well as by implementing structured systems that enable performance-based career progression and encourage innovation.
Similarly, healthcare companies have found success through training initiatives that provide access to new technologies, therapists and learning platforms, as well as offering flexible work arrangements and mobility opportunities between departments.
Advertisement
Biotech companies have found success through rotating training, mentoring, and upskilling programs for technical and non-technical roles, as well as hands-on training and certifications that drive skill development. The focus is not only on providing training opportunities; It extends to ensuring that compensation remains competitive, aligned with market adjustments and managed with full transparency, according to the report. Singh called on organizations to maximize growth opportunities by creating focused strategies that combine professional development, equity and innovation.
He also highlighted the need to integrate “technologies such as automation and fostering interdisciplinary collaboration to amplify both efficiency and employee satisfaction, laying the foundation for long-term success.”
Advertisement
Reference:
- Healthcare sector in India to reach $320 billion (Rs 27,28,320 crore) by 2028, says report (https://www.ibef.org/news/healthcare-sector-in-india-to-reach-us-320-billion-rs-27-28-320-crore-by-2028-says-report)
Source-IANS
