Over the past two decades, India has emerged as a preferred destination for medical value travel (MVT). Kudos to its affordable world-class healthcare services, minimal waiting time, state-of-the-art infrastructure, skilled healthcare professionals, cutting-edge medical technology and infusing modern medicine with traditional healing practices like Ayurveda and Yoga. The country is gradually cementing its position as a global hub for medical tourism. The recent Union Budget’s focus on expanding the medical tourism under the ‘Heal in India programme’ with simplified visa norms will provide a renewed momentum to this initiative. The sector, which is valued at approximately ₹1 lakh crore in 2024, is projected to grow at a healthy CAGR of 17.2% to surpass ₹4.3 lakh crore by 2034.
