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Data, AI in Healthcare to Add $25-30 Billion to India’s GDP by 2025, Says Nasscom

The healthcare industry in India is witnessing a radical change due to emerging technologies like artificial intelligence and machine learning.

India’s healthcare sector is undergoing a dynamic change that is centered on digital transformation. According to a report from the IT industry group Nasscom unveiled at an event, data and AI in healthcare have the potential to boost India’s GDP by $25 to $30 billion by 2025.

Ktech Nasscom Centre of Excellence (CoE) organized the 11th edition of the Life Sciences and Healthcare Innovation Forum (LHIF) and the 4th edition of the Healthcare Innovation Challenge (HIC), reiterating its commitment to upending the healthcare ecosystem for accessible and affordable patient care. 

The forum is a seven-year-old initiative that has the support of the Karnataka government. It highlighted the necessity of adopting technology-driven digital healthcare solutions to provide patients with better, faster, and more timely access to medical facilities and services, especially in remote locations.

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The forum reemphasized the necessity of the industry’s innovation and swift adoption of cutting-edge technologies. Additionally, it emphasized the necessity of putting strategic emphasis on creating infrastructure that will fuel healthcare innovation in the nation. Some of the main drivers will include telemedicine, health technology, data-focused healthcare, accessibility to primary care, and mobility of skilled talent. 

Hidentity, KareXpert, I Am By Your Side, Autoyos, Expand My Business, Healthvectors, Vyli, Ignoimagine, Leucine BioTech, AiVolved, Janitri, and Expand My Business were a few of the startups who attended the event. The startups showcased their digital health technologies that improved healthcare facilities and guaranteed accessible healthcare delivery by utilizing the power of AI and IoT. 

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Sahil Pawar
Sahil Pawar
I am a graduate with a bachelor's degree in statistics, mathematics, and physics. I have been working as a content writer for almost 3 years and have written for a plethora of domains. Besides, I have a vested interest in fashion and music.

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