India, March 3 -- Private hospitals in India will increase their capacity by over 4,000 beds next fiscal, at an investment of Rs 11,500 crore, after an aggressive addition of around 6,000 beds this fiscal, as per data released by Crisil Ratings on Sunday.

The Crisil Ratings, a credit ratings firm, said the bed addition in just these two fiscals will equal those added between fiscals 2020 and 2024.

A Crisil Ratings analysis of 91 private hospitals, with a combined revenue of about Rs 64,000 crore last fiscal, indicates as much.

"For the record, private hospitals account for 63% of the sectoral revenue in India. Over fiscals 2020-2024, private hospitals clocked a compound annual growth rate of 18% in revenue and healthy operating profita...