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FDI inflow into hospitals & diagnostic centres grows 42% in 2024
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Gireesh Babu, New Delhi
April 24 , 2025
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The Foreign Direct Investment (FDI) equity inflow into the hospital and diagnostic centres sector in the country has witnessed 41.7 per cent growth during the year 2024, as compared to the previous year. For the first nine months of the current fiscal year, till the end of December, 2024, the equity inflow in the sector reported a decline of 35 per cent as against the same period last year.
Foreign equity infusion into the medical and surgical appliances sector registered a 27.3 per cent growth during the calendar year 2024, as against the previous year.
The hospital and diagnostic centres in the country have seen a foreign equity fund infusion of $1.87 billion during the 12 months from January to December, 2024, as compared to $1.32 billion during the same period of previous year, according to data from the ministry of commerce and industry. Cumulative fund infusion into the segment from the year April, 2000 to December, 2024 stood at $11.69 billion, growing from $9.82 billion reported till December, 2023.
The third quarter of the fiscal year 2024-25 registered a growth of 50 per cent in foreign equity infusion, at $492 million as compared to $329 million during the comparable October to December period of the previous fiscal year.
However, the first nine months of FY25 registered a fund infusion of $706 million, as compared to $1.08 billion reported in the same period of previous fiscal year.
The Medical and Surgical Appliances sector registered a growth of 27.3 per cent in FDI equity infusion during the 12 period from January to December, 2024, at $639 million as compared to $502 million during the previous year. The cumulative fund infusion into the sector from April, 2000 to December 2024 is $3.91 billion, while the same was at $3.26 billion till December, 2023.
The growth during the third quarter of the fiscal year 2024-25 is multifold at $170 million as compared to $39 million in the same quarter of previous fiscal year. For the first nine months ended December, 2024, the sector attracted $619 million foreign equity, which is almost 34 per cent higher than the $463 million fund infusion reported in the previous fiscal year.
It may be noted that the hospital and diagnostic centres sector in the country has reported around 89 percent growth in FDI equity inflow during the fiscal year 2023-24, while the foreign equity infusion into the medical and surgical appliances sector grew 21.6 per cent during the financial year compared to the previous year.
The hospital and diagnostic centres in the country have attracted a foreign equity fund infusion of $1.53 billion during April, 2023 to March 2024, as compared to $809.6 million during the previous year.
The growth during FY 24 was the highest at least in the last five years, and crossed the $1 billion mark after fiscal year 2018-19 when the FDI inflow was reported at $1.04 billion. The year 2022-23 witnessed a growth of 16.07 per cent to $809.6 million, from $697.5 million in the fiscal year 2021-22. The fiscal year 2021-22 was a growth of 39.2 percent from $501.16 million in the previous year, according to the data.
The Medical and Surgical Appliances sector registered a growth of 21.56 per cent in FDI equity infusion during the period from April, 2023 to March, 2024, at $482.83 million as compared to $397.2 million during the previous fiscal year.
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