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Business News/ News / India/  Ninth World Ayurveda Congress, Arogya Expo 2022 inaugurated in Goa
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Ninth World Ayurveda Congress, Arogya Expo 2022 inaugurated in Goa

The market size of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy) in the country has grown from $3 billion in 2014 to over $18 billion now. The AYUSH industry grew 17% year-on-year during 2014-2020, while the Ayurveda market is forecast to grow at 15% CAGR from 2021-2026

The Ayurveda Congress‘ activities go a long way in propagating such traditional systems of healing and well-being all over the world. (File Photo)Premium
The Ayurveda Congress‘ activities go a long way in propagating such traditional systems of healing and well-being all over the world. (File Photo)

New Delhi: The ninth World Ayurveda Congress (WAC) was inaugurated on Thursday at Panaji, Goa. Addressing the event, Union minister of state for Tourism and Ports, Shipping and Waterways, Shripad Naik said that the spread of Ayurveda worldwide has been facilitated by the setting up of a separate ministry of Ayush by the Centre in 2014. “When one sees the way Ayush is progressing today, one must remember that the seed of this development lies in that decision."

“‘Vasudhaiva Kutumbakam’ is the spirit of India since the beginning. In 2015, the United Nations decided to celebrate the International Day of Yoga. Now it is benefiting citizens all over the world. The Ayurveda Congress‘ activities go a long way in propagating such traditional systems of healing and well-being all over the world,“ the minister said

Chief minister of Goa Pramod Sawant said that the introduction of Ayush visa for Ayush treatment was a historic decision. “The upcoming satellite centre of All India Institute of Ayurveda in Goa will boost Ayurvedic tourism in the state. Goan students will get 50% reservation in admissions for various courses at the institute."

The third edition of the ‘Ayushman’ comic book series was also released at the event. A Memorandum of Understanding (MoU) was signed between All India Institute of Ayurveda (AIIA) and Rosenberg’s European Academy of Ayurveda, Germany, to facilitate advanced studies in traditional Indian medicine systems.

The World Ayurveda Congress & Arogya Expo 2022 will be held in Goa from 8-11 December with an objective to provide a global platform to stakeholders, including industry leaders, practitioners, traditional healers, educationists, students, medicine manufacturers, etc. for networking and engaging in intellectual exchange to strengthen the Ayurveda sector, envision its future, and facilitate interaction between professionals and consumers to boost Ayurveda commerce.

The market size of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy) in the country has grown from $3 billion in 2014 to over $18 billion now.

According to official data, the AYUSH industry grew 17% year-on-year during 2014-2020, while the Ayurveda market is forecast to grow at 15% CAGR from 2021-2026.

Over 4500 participants from all over the world including 400 foreign delegates from 53 countries are participating in the Ayurveda Congress and Arogya Expo.

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ABOUT THE AUTHOR
Swati Luthra
Swati Luthra writes on climate change, water, environment and forest issues for Mint. A graduate in Psychology, Swati has been mapping India’s policy initiatives to help meet the pledges made at CoP-26 including achieving net-zero carbon emissions by 2070.
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Published: 08 Dec 2022, 05:19 PM IST
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