In 2023, India's health expenditure per capita stood at $353 US Dollars PPP. From 2024 to 2028, the forecast shows a positive trend with per capita expenditure increasing steadily from $362.41 to $397.72. Year-on-year growth rates are modest, reflecting a consistent increase: approximately 2.5% from 2024 to 2025, 2.4% from 2025 to 2026, 2.3% from 2026 to 2027, and 2.2% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 2.4%.
Future trends to watch for include:
- Potential policy changes impacting healthcare funding.
- Economic shifts influencing affordability and healthcare access.
- Technological advancements driving efficiency in healthcare delivery.
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