The turmoil in the international financial markets of advanced countries that started around mid-2007 has shown its vigor since mid- 2008. The financial market crisis has led to the collapse of major financial institutions and has started impacting the economies of the developed as well as developing nations. Globalization has ensured that the Indian Economy cannot stay insulated from the present financial crisis in the developed economies. The ripple effects of recession- collapse of institutions leading to loss of employment and loss of incomes cannot but affect the healthcare industry, as people's capacity by and large, to spend on healthcare, medical travel etc comes down. How will the ongoing global financial crisis affect Indian economy in general and Indian healthcare industry in particular? The unfolding crisis is not without a silver lining. It offers both challenges and opportunities to the Indian Health Care industry, It is a great opportunity for policy makers, researchers, practicing managers, academicians and the students to think louder and present their strategies and views over contemporary issues prevailing in the world of healthcare management. Hence the theme "Global Recession- Challenges and Opportunities to Indian Healthcare Industry" is very timely and appropriate. It mirrors the times we have been passing through.