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India’s start-up ecosystem can tackle global health challenges: Piyush Goyal

Speaking about the potential of emerging markets, the Union Minister stated that India is well-positioned to harness this opportunity.

• By Pooja Chaturvedi Sah
• Mumbai
• Sep 02, 2023

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Union Minister of Commerce & Industry Piyush Goyal on Friday said that India’s thriving start-up ecosystem, which is the third largest in the world, has an immense potential to tackle pressing healthcare challenges on a global scale.

The Minister, while virtually addressing the Global Digital Health Summit 2023 in Mumbai, also emphasized on how the rise of digital healthcare holds the key to addressing healthcare accessibility issues—"a mission that aligns seamlessly with Prime Minister Narendra Modi's vision of healthcare for all”, he said.

Speaking about the potential of emerging markets, the Minister stated that India is well-positioned to harness this opportunity.

"During the pandemic, India manufactured and provided almost 300 million vaccines to 100 countries showcasing India's commitment to global healthcare crises, " said Goyal.

The Minister in his address also highlighted the potential of machine learning in revolutionising healthcare diagnostics, ensuring the delivery of high-quality healthcare services to the last mile.

"India has also launched the world’s largest healthcare insurance scheme, Ayushman Bharat which is a new benchmark in the healthcare space, " he said.

Karen DeSalvo, Chief Health Officer, Google talked about how technology has made it possible for the healthcare system to meet the patients where they are.

"The benefits should not be limited to a select few who have the ability to access information and services. Equity by design, privacy by design, and security by design are some of the core values on which our systems are built," said DeSalvo.

DeSalvo also spoke about the opportunities that digital tools like Artificial intelligence is providing to healthcare companies to enhance their operations and innovations. “Such tools are helping companies working with the ecosystem to spur innovation for companies and caregivers. These digital tools are also helping provide healthcare access to people on the phones,” she said.

Rajendra Pratap Gupta, Chair, Global Digital Health Summit, Expo & Innovation Awards talked about the future of medicine.

“We are shifting our focus from thought leadership to practical implementation, he said that medical science and technology will lead to healthcare space in the future,” he said