India’s MedTech sector to outpace global growth: CII-BCG report

August 29, 2025 3:34 PM

India’s MedTech sector to outpace global growth: CII-BCG report

The domestic medical technology (MedTech) sector is projected to grow at three times the global rate, according to a report by the Confederation of Indian Industry (CII) in collaboration with the Boston Consulting Group (BCG).   Currently valued at around USD 16 billion, India’s MedTech industry accounts for only about 2 per cent of the nearly USD 680 billion global market. However, under the government’s Viksit Bharat 2047 vision, the sector has been identified as a strategic pillar of t...

Number of India’s dollar millionaires to surge 55% by 2029: Report

June 25, 2025 5:12 PM

Number of India’s dollar millionaires to surge 55% by 2029: Report

India’s wealth management market is undergoing a seismic shift, with the number of dollar millionaires expected to grow by over 55 per cent from 2024 to 2029 - far outpacing the global average of 21 per cent, according to a Boston Consulting Group (BCG) report released on Wednesday. From 2014 to 2024, organic growth varied sharply by region, with wealth managers in the Asia Pacific region (APAC) achieving rates of 50 per cent - more than double that of their peers in EMEA (Europe, Middle East...