Growth of the Healthcare Industry in India: A Panel Data Approach

Abstract: The study tries to explore the reasons for profitability in the healthcare segment in India. It is expected that the accounting indicators highly impacts the growth prospects. So, it is to establish that strategically created high provision for different expenses and allocating large funds would help the sector to boost. Given the expected faster growth, investors have always been interested in more investments. Historical situations of the segment reiterate that the sector has been a better performer in their profitability. The study aims to examine the impact of key accounting variables on the profitability parameters of the Indian healthcare sector in the panel data framework. Keyword: Healthcare Industry, Profitability, Growth, Panel Data