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Ppt on key growth drivers of indian medical education for fdi

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Ppt on key growth drivers of indian medical education for fdi

  1. 1. Research Paper Presentation A Study on Key Growth Drivers of Indian Medical Education for FDI with special reference to ‘Make in India’ Program In the Two-day National Seminar (18.11.2016 & 19.11.2016) Department of Business Management Osmania University - Hyderabad Under the Guidance of Dr. SMITHA SAMBRANI Presentation by HARINADH KARIMIKONDA
  2. 2. • India is emerging, after initiation of the Make in India program as the top global destination for foreign direct investment. • Foreign Direct Investment has always been a matter of concern for India, when it comes to medical education sector 100% FDI is allowed by the government. • Foreign Direct Investments (FDI) inflow into the education sector in India stood at US$ 1,256 million from April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP). • In order to cater the healthcare needs of a population of 1.2 billion, India would need an additional 7 lakh doctors by 2022. • In this paper an attempt has been made to conduct opportunity analysis for highlighting the key growth drives, the Make in India incentives for Indian medical education sector for foreign direct investment. Introduction
  3. 3. Objectives : Objective – 2 To study the Make in India incentives for promoting foreign direct investment in Indian medical education sector Objective - 1 To study key growth drivers of Indian medical education sector for foreign direct investment.
  4. 4. Hypothesis : Alternative Hypothesis (H1) There is a significance growth for Indian medical education sector to attract foreign direct investment Null Hypothesis (H0) There is no significance growth for Indian medical education sector to attract foreign direct investment
  5. 5. Research Framework of the Study: Performance of Key Growth Drivers Make in India Support/ Incentives Viability of Indian Medical Education for FDI
  6. 6. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism India is the second most populous country in the world, with 1,336,286,256 (1.3 billion) people (May 2016), nearly a fifth of the world's population. India is projected to be the world's most populous country by 2022.
  7. 7. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism over 56,000 Indian doctors in UK, the US, Canada, and Australia. 8% and 3% respectively
  8. 8. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism Current predictions suggest a steady increase in the youth population to 464 million by 2021 and finally a decline to 458 million by 2026. By 2020, India is set to become the world’s youngest country with 64 per cent of its population in the working age group
  9. 9. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism It is estimated that more than 5,000 students leave India for medical education elsewhere, with China being the most popular destination followed by Russia, Ukraine, Nepal and Kazakhstan. The total number of candidates for the FMGE trained in China from 2010 through 2014 is 18,297and the number is increasing.
  10. 10. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism The current doctor: patient ratio of 1:1681 is below World Health Organization recommended figure of 1:1000. Thus India needs about 7 lakh doctors by 2022 in order to meet WHO standards
  11. 11. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism As of 2016, there are 426 medical colleges in India where qualifications are recognized by the Medical Council of India; these medical schools have a combined capacity to provide medical education for 54,145 students and the government recognizes the crucial role of the private sector in this regard.
  12. 12. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism The geographic distribution of these colleges shows a noticeable southward slant with 44% of all medical seats distributed between the states of Karnataka, Andhra, Telangana, Tamil Nadu and Kerala. Undivided Andhra Pradesh had the most number of seats in the country but after division, Karnataka holds that title. Maharashtra has the most colleges but has a lesser number of seats when taken cumulatively.
  13. 13. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism Only 5 to 7% usage of AYUSH (Ayurveda, Yoga, Unnani, Siddha & Homeopathy) has been reported both in rural and urban areas The NSSO survey has found higher inclination towards allopathy treatment-- around 90%--in both rural and urban areas.
  14. 14. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism According to the statistics released by AMA, India has no parallels in healthcare when it comes to cost effective treatments in comparison with other countries. Significant cost differences exist among US, UK and South Asian countries.
  15. 15. Results and DiscussionPerformance of Key Growth Drivers: Growth of Population Expatriation Rate of Doctors Size of Young Population Number of Aspirants Availability of Doctors Number of Medical Colleges Distribution of Medical Colleges Alternative Healthcare Services Cost Medical Services Growth of Medical Tourism Medical tourism in the country is projected to grow to $7-8 billion by 2020 from the current US$3 billion. India has moved up 13 positions to 52nd rank from 65th in Tourism & Travel competitive index
  16. 16. Make in India Support/Incentives: Allowed 100% FDI Allowed 100% Private Investments Single Window Clearance System Common Entrance/Screening Exams Online Application & Approved System Considered Commercial Venture Public Private Partnership (PPP) Up-gradation of District Hospital Tax holiday for Longer period Loans on Concessional basis
  17. 17. Conclusion : Dr. Smitha Sambrani & Hariandh Karimikonda (2016) : “The study revealed that Indian medical education sector will have tremendous growth in coming years and provide lot of investment opportunities. All the key economic growth drivers relating to medical education is performing positively. Make in India is providing at most support for establishment and development of medical education sector. Therefore, it is a better opportunity for both Indians and foreigners for investment”
  18. 18. Any Queries & Suggestions Thank You

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