Industry Trends in India

The Indian Economy is growing…

The Indian Banking sectors are the volume drivers for the economy. The insurance sector is expected to achieve a fivefold increase in its size by the end of the fiscal year 2019-2020. It is presumed that the insurance sector will be the growth driver for the economy. The increasing health consciousness and the rising need for improving quality of life among the urban educated masses has led to increasing their insurance coverage via the private companies which in turn are expected to provide a "reasonable" coverage. Needless to say the health insurance policies would be accounting for some part of the reimbursement of drugs being used by the patient/consumer for their ailments. The consumer /patient in order to derive maximum benefit of the insurance coverage would definitely prefer the usage of cost effective medicines for his /her ailments.

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