Medical Tourism in India
S. Josephin Arulmozhi1, K. Praveenkumar2, G. Vinayagamoorthi3
1S. Josephin Arulmozhi, Ph.D Research Scholar, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
2K. Praveenkumar, Ph.D Research Scholar, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
3Dr. G. Vinayagamoorthi, Assistant Professor, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
Manuscript received on 20 September 2019 | Revised Manuscript received on 06 October 2019 | Manuscript Published on 11 October 2019 | PP: 695-698 | Volume-8 Issue-2S10 September 2019 | Retrieval Number: B11230982S1019/2019©BEIESP | DOI: 10.35940/ijrte.B1123.0982S1019
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In the recent era medical tourism has certain significance place in the tourism industry, In India now famous for low cost medical service with high quality medical treatment. The countries where medical tourism is being actively promoted include Greece, South Africa, Jordan, India, Malaysia, Philippines and Singapore. Recently, Indian healthcare sector shows huge advancements in fields such as technology, infrastructure, and manpower, catapulting India as one of the preferred medical destinations in the world and invariably paving path to an entirely new sector, the medical tourism industry. The medical tourism in India will touch the $8 billion mark by the end of 2020, the influx of the population that experiences a saving of close to 50 to 70 percent on medical tourism industry. Cost effectiveness is a major factor in India, because a patient can undergo any type of treatment at an extremely affordable cost without compromising the quality and other reason is of course the availability of medical visa without any hassle. The Indian government predicts that, India $17-billion-a-year healthcare industry could grow 13 per cent in each of the next six years, boosted by medical tourism, which industry watchers say is growing at 30 per cent annually. This study has been focused by the fully by secondary data, which are collected from the Indian tourism department, and also it analyze the growth percentage in Past years, it will be more helpful to medical service providers. Mainly this study’s objective was examining the foreign exchange earning option through medical tourism and analysis of annual growth of foreign tourist in India. It proves that the annual growth an efficiency of handling capacity of Indian medical the medical industry.
Keywords: Foreign Direct Investment (FDI), Global Value Chain (GVC), Supply Chain, Industrialists, Indian Economy.
Scope of the Article: Biomedical Computing