India needs a million more hospital beds, say EY’s Kaivaan Movdawalla and KIMS’ Varun Khanna

India will need about one million additional hospital beds over the next decade to meet growing demand, according to Kaivaan Movdawalla, National Healthcare Leader at EY-Parthenon India, and Varun Khanna, Group Managing Director of Quality Care India at KIMS-Evercare Group.

“Each bed needs a single doctor to come in,” noted Khanna, adding that India must also produce a million doctors over the next seven to ten years to enable this expansion.

Movdawalla said private equity has played a pivotal role in transforming India’s hospital landscape over the past decade. It has not only provided access to capital but also set up beds in underserved areas in tier two markets, fueling both expansion and innovation across the healthcare ecosystem, a high-capex sector that requires deep pockets and l