Defining the Future of Diagnostics

The Indian electric vehicle (EV) opportunity is experiencing a remarkable surge, reaching approximately US$ 34B in FY24 with 30% YoY growth. It is projected to reach around US$ 238B by FY30, growing annually at about 38% from FY24-30, reflecting a paradigm shift towards sustainable mobility.

he Indian healthcare system stands at crossroads, facing a critical shortage of personnel across various roles. This staffing crisis threatens the very foundation of quality healthcare delivery for the nation's vast population.

India, with its population of 1.4 billion, represents an expansive and thriving market of limitless possibilities. This isn't your average market, it's an aspirational one, one driven by a middle class eager to elevate their standard of living. In this burgeoning middle class, one segment stands out as a beacon of opportunity: The Entrepreneurial Households (EHs). 247M strong, EHs are non-affluent industrious communities making substantial investments in high-priority goods and services (HPGS) like education, health, financial services, housing, and business activities. Of the 321M households in the country, around 70% are categorized as EHs. This isn’t merely a demographic statistic—it’s a vibrant economic force ready to reshape their future, and India’s.

Technology will never replace great teachers, but technology in the hands of great teachers is transformational.

In the following sections, we delve into the transformative potential of the Make in India initiative within the healthcare sector. Spearheaded by the Indian government, Make in India aims to elevate domestic manufacturing, propelling India towards a prominent position on the global stage. We have underlined how healthcare emerges as a linchpin, underscoring its pivotal role in India's socioeconomic advancement and industrial landscape. Integration of healthcare into the Make in India agenda becomes paramount for driving inclusive growth and development as the nation endeavors to fortify its healthcare infrastructure and extend access to quality medical services.

n today’s globalized economy, outward remittance has emerged as a critical financial mechanism that enables individuals and businesses to transfer funds across borders. Whether it's supporting family members, investing in international ventures, or paying for services and goods abroad, the need for secure, efficient, and cost-effective remittance solutions is ever-growing. From FY20 to FY24, outward remittance under the LRS scheme grew by 14%, reaching US$ 31B from US$ 19B. This surge is driven primarily by the travel sector, which holds 54% of the total remittance, reflecting a strong recovery in global tourism.

India's health-focused snacking market is booming, growing at ~20% CAGR from FY19-24. Demand from protein-rich snacks are rising, driven by health consciousness. Success hinges on product quality, strategic placement, and brand equity.

The annual budget is more than just numbers; it's a roadmap for our future. As we await the 2024 budget, Praxis Global Alliance brings you expert insights and stakeholder expectations across sectors. Discover what industry leaders are anticipating and how potential policies could shape our economy.