BMI View: Developments this quarter showcase strong relations between Oman and India. As one of the main destinations of medical tourism, India will continue to benefit from Oman’s increasingly burdened public healthcare system. Similarly, strong growth prospects in both the pharmaceutical and healthcare industries will provide Indian companies with a healthy return on investment. Headline Expenditure Projections ? Pharmaceuticals: OMR160mn (US$415mn) in 2012 to OMR175mn (US$461mn) in 2013; 9.7% in local currency terms and +11.1% in US dollar terms. Forecast broadly in line with Q413. ? Healthcare: OMR724mn (US$1.88bn) in 2012 to OMR799mn (US$2.05bn) in 2013; +7.6% in local currency …
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