Restructuring the Future of Education, Healthcare, and Lighting: Prof. (Dr.) Balvir S. Tomar's Vision for Progress

In a world where innovation reigns supreme, the blueprint for shaping the future of education, health care, and the lighting industry is being meticulously etched by Prof. (Dr.) Balvir S. Tomar- Founder and Chairman, Nims Global Group and a leading Businessmen from Rajasthan. His strategic vision goes beyond the mundane, offering a glimpse into a world where these sectors are set to change our everyday lives. We will explore the profound impact of Dr Tomar's approach, mainly focusing on the statistical significance of healthcare expenditure. Nims is committed to leading the world towards futuristic strategies across all sectors, adding unparalleled insight and value to these industries.

The Significance of Healthcare Expenditure Statistics

The Indian healthcare industry has experienced a remarkable Compound Annual Growth Rate (CAGR) of appro- ximately 22% since 2016. If this growth continues at the same pace, it is projected to achieve a market worth of USD 372 billion by 2022. This astounding growth has propelled healthcare to become one of the most significant sectors in the Indian economy, contributing significantly to both revenue generation and employment opportunities.

Healthcare, as a fundamental pillar of human well-being, continues to be a matter of paramount importance. Dr. Tomar's had recognized that substantial resources should be invested in healthcare globally, reflecting its undeniable economic significance. Statistically speaking, the healthcare industry commands a substantial share of a nation's GDP, and this financial dimension underpins its role in the broader economy.

For instance, in the United States alone, healthcare expenditure accounted for approximately 18% of GDP in recent years, illustrating the immense monetary worth associated with this sector. This data serves as a compelling figure to the critical role of healthcare in our lives and economies, driving home the urgency of innovative solutions.

Nims Global Group's Futuristic Advancements

Under the leadership of Dr. Tomar, Nims is opening itself as a portal for futuristic approaches across diverse sectors, including education, healthcare, and LED. As a forward-thinking corporation, it leverages modern technology and sustainable practices to bring a new era of progress and prosperity.

The education market in India was estimated to be worth 117 billion US dollars in the financial year 2020. By the financial year 2025, the market worth was predicted to increase to 225 billion US dollars. With an expected market industry size of 689 US dollars in the coming few years, the Indian education sector is one of the largest in the globally. Despite the nation's over 1.5 million schools and 700 colleges, many areas continue to fall behind in smart educational attainment.

Regarding education, Nims Global Group is committed to redefining the learning scenery at Nims University . By implementing digital platforms, personalized learning solutions, and global collaborations with a multitude of international institutes, they are bending an educational ecosystem that is responsive to the evolving needs of learners. It incorporates many world-class infrastructures to cater for the fresh needs of its student base. Launching the first-of-its-kind research facilities and AI labs, the anticipated developments encompass the Marik Center of Excellence, an Artificial Intelligence (AI) and Machine Learning (ML) laboratory, a redesigned Administrative Block, an Auditorium with a seating capacity exceeding 20,000, and a transformed NIMS altogether. A world-class research centre awaits the students of NIMS for a duration of as little as one month.

According to the Economic Survey 2022–23, India's public healthcare spending reached 2.1% of GDP in FY23 and 2.2% in FY22, compared to 1.6% in FY21. The Ministry of Health and Family Welfare (MoHFW) received 89,155 crore (US$ 10.76 billion) from the government in the Union Budget 2023–24. To improve the nation's healthcare infrastructure, the Indian government plans to implement a credit incentive scheme worth 500 billion ($6.8 billion).

The nation has tremendous availability of a sizable, highly-trained medical workforce. From 0.83 million in 2010 to 1.3 million in November 2021, more allopathic doctors with recognized medical credentials (under the I.M.C Act) registered with state and national medical councils.

In healthcare, Nims Hospital is championing patient-centric collaborations that integrate telemedicine, artificial intelligence, and remote monitoring, ensuring that healthcare services are accessible, efficient, and inclusive. It has recently inaugurated the first Rajasthan Heart and Brain Stroke Centre, namely the NHBH Stroke Centre. In pursuit of enhanced efficiency and progress, Nims has also joined forces with Siemens Healthcare to propel the development of Artificial Intelligence (AI) in the healthcare sector. This collaboration introduces a fresh era characterized by heightened precision and effectiveness in patient care. Notably, the Interventional Radiology Department stands to gain great advantages from AI, promising improved diagnostic and treatment alternatives. Furthermore, the liver transplant program, a rarity in the region of Rajasthan, is poised to offer a crucial lifeline to patients requiring such procedures. In addition, a thriving partnership with Japan promises opportunities for pediatric liver transplants.

In 2022, the Indian LED lighting market was valued at US$3.4 billion. Looking ahead, IMARC Group projects that the market will increase at a CAGR of 23.38% from 2023 to 2028, reaching US$ 11.9 billion. IMARC's latest study has predicted that "Indian LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Fore- cast 2023-2028," which provides a techno-commercial roadmap for setting up an LED manufacturing plant.

In the LED industry, there is a spearheaded adoption of energy-efficient lighting solutions that not only reduce environmental impact but also enhance the quality of illumination for communities worldwide. Through the initiative of Niflux Led Lights Dr. B.S. Tomar has introduced many electrical articles launched under giant programs, namely Vistaar-1 and Vistaar-2. Inspired by the SDG guidelines, he aims to implement as sustainable methods as possible throughout his ventures.

Vision for These Industries

Dr. B.S. Tomar shares his visionary outlook at the heart of these transformations. His forward-thinking mind en- visions a future where education and healthcare are proactive rather than reactive, and LED is both sustainable and aesthetically pleasing.

In his perspective on education, classrooms are no longer confined to physical rooms but extend into digital spaces, providing creative learning opportunities for all. Healthcare, on the other hand, is a seamless continuum of care where predictive analytics, telemedicine and reevaluation redefine the doctor-patient relationship. As he sees it, the lighting industry leads the way in sustainability, providing eco-friendly solutions that enhance the human experience.

Dr. Balvir S. Tomar stands as an inspiration for the future of education, healthcare, and the lighting industry. Through these sectors, Nims strives to evolve and flourish, driven by statistical evidence of their economic worth and a commitment to upcoming proceedings that hold immeasurable value for humanity's well-being and progress as we step into this promising future .