India, March 26 -- India's healthcare sector is likely to reach $700 billion by 2030, but its financing architecture remains fragmented and underpenetrated, with out-of-pocket spending still accounting for a large share of healthcare expenditure, according to a report.

The country's healthcare ecosystem was valued at around $300 billion in FY25 and projected to reach $700 billion by 2030, but health financing remains underpenetrated, as per the report by Praxis Global Alliance, in collaboration with Nathealth. India carries 20 per cent of the global disease burden, but accounts for only 1 per cent of global health spending, said the report titled 'India Health Financing Position Paper 2026'.

The country requires more than $200 billion i...