However, he said India cannot rest its case with generics if it aims to become a developed country by 2047.
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India Must Build Resilient, Globally Integrated Healthcare Supply Chains: Commerce and Industry Minister Shri Piyush Goyal at Bharat Health Global Expo 2026
India must build resilient, globally integrated healthcare supply chains, strengthen its position as a trusted healthcare partner of the world and move beyond its success in generics towards greater research, development and innovation, said Union Minister of Commerce & Industry Shri Piyush Goyal at the Bharat Health Global Expo 2026 in New Delhi today.
Source: Press Information Bureau (official). The summary and key points are quoted from that release; no AI is used. Check the source for the full text.
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On medical value travel, Shri Goyal said that almost USD 8 billion is spent in this area and highlighted that Indian hospitals have become modern and world-class, with the best of equipment, while Indian doctors, technicians and nurses are among the best.
He said that, until 2014, India’s FTAs collectively provided access to markets with a combined GDP of USD 10 trillion.
In contrast, the nine FTAs referred to by Shri Jitin Prasada and covered in the accompanying book cover 38 developed countries and open access to a combined GDP of USD 60 trillion, six times more than what was open until 2014.
The Minister said that Viksit Bharat 2047 rests on the shoulders of the healthcare sector, which has the responsibility of providing a healthy India, ensuring good health facilities and quality medicines, and delivering both preventive wellness and curative healthcare to 1.4 billion people.
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