Paper Abstract
Technology and innovation are principal drivers of growth in any sector and can
successfully transform the delivery of quality and affordable healthcare. Appropriate
technology can also contribute to cost containment and also ensure access of
healthcare systems to one and all. Even though the Indian healthcare sector has shown
impressive growth of 15% and healthcare delivery is increasingly becoming technology
oriented; innovation-rich sophisticated hi-end medical technology is still not being
produced indigenously. When compared to advanced nations and BRIC economies, India

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