Ayurveda and Medical Tourism Industries to Gain ₹1000 Crore from Commonwealth Games 2010

Strategic Insights -

The impending Commonwealth Games 2010 in India is expected to yield significant benefits for the ayurveda, yoga, and medical tourism industries, with a projected earning of around ₹1000 crore. According to a study by industry body Assocham, the ayurvedic and yogic industry is expected to earn ₹600 crore, while medical tourism prospects are estimated at ₹400 crore. The report also highlights the potential for job opportunities in these industries, with 50,000 people projected to be employed in roles related to ayurveda, naturopathy, yoga, spa, and medical tourism.

Key Takeaways:

  • The study by Assocham predicts that ayurvedic and yogic industry will earn ₹600 crore, while medical tourism prospects are estimated at ₹400 crore.
  • Job opportunities for professionals in ayurveda, naturopathy, yoga, spa, and medical tourism are projected for 50,000 people.
  • Each foreigner visiting India during the Commonwealth Games is likely to spend ₹10000 to ₹35000 in availing ayurvedic expertise in various spa and herbal centers across the country.
  • Domestic ayurvedic industry market size is currently estimated at ₹4500 crore, which is expected to rise to around ₹5500 crore due to increasing demand for ayurvedic therapy and products.
  • The industry is projected to grow at ₹5500 crore after the 2010 CWG games are concluded.
  • There are approximately 3,80,000 registered medical practitioners of the ayurvedic system in India, compared to about 7,00,000 in the modern medical system.

Statistics:

  • ₹1000 crore: projected earnings from the ayurveda, yoga, and medical tourism industries from the Commonwealth Games 2010
  • ₹600 crore: Ayurvedic and yogic industry's projected earnings from the Commonwealth Games 2010
  • ₹400 crore: Medical tourism prospects estimated earnings from the Commonwealth Games 2010
  • 50,000: number of job opportunities projected for professionals in ayurveda, naturopathy, yoga, spa, and medical tourism
  • ₹10000 to ₹35000: amount each foreigner is likely to spend in availing ayurvedic expertise
  • ₹4500 crore: current domestic ayurvedic industry market size
  • ₹5500 crore: estimated domestic ayurvedic industry market size post-2010 CWG games
  • 3,80,000: number of registered medical practitioners of the ayurvedic system in India
  • 7,00,000: number of registered medical practitioners in the modern medical system in India

Sources:

  • Assocham: industry body
  • DS Rawat: secretary general, Assocham
  • Hindustan Times: news article, dated October 6, 2010
  • Syndigate.info: news aggregator platform, Albawaba.com