India Insight

Health start-ups tap India’s growing home care sector

When Krishnan Ganesh’s father-in-law was diagnosed with cancer two years ago, Ganesh had to “run from pillar to post” to get quality medical care at home, a concept that is not prevalent in India. That’s when he hit upon the idea of a home healthcare service.

The Bangalore-based entrepreneur, who founded online tutoring company TutorVista in 2005 and sold it to British publisher Pearson for $213 million, then bought start-up Portea Medical in July 2013.

Portea Medical and start-ups such as Health Care at Home India, Homital and India Home Health Care provide at-home services ranging from geriatric and post-surgery care to physiotherapy and general doctor visits.

“Demand is large and technology can be used for innovation and disrupting the status quo, and basically address a large problem like we had done in TutorVista for education,” Ganesh said.

India’s home healthcare industry, which consists of home-based medical devices and home services, is worth $2 billion and growing at 20 percent annually, according to accounting firm PricewaterhouseCoopers (PwC).

Subbarao: an RBI governor who can hold his own

When RBI Governor Duvvuri Subbarao had his tenure extended last year, a TV channel reported that 90 percent of bankers, economists and bond dealers in a poll felt the extension was good for the economy.

In June 2012, less than a year later, people were criticising him for defying widespread calls to cut interest rates, as stubborn inflation continued to bother him more than slowing growth .

Subbarao’s latest decision on Tuesday to hold the central bank’s key policy rate steady may increase the number of his detractors.

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