Yoga: An idea of PM Modi that is now a global phenomenon

June 21 has been observed as the International Yoga Day since 2015. In 2019, the Yoga market was worth $37,462.5 million and is expected to increase to $66,226.4 million by 2027.

Sounak Mukhopadhyay
Updated21 Jun 2022
Prime Minister Narendra Modi practices yoga in front of the Mysuru Palace along with thousands of people on Tuesday. (Twitter Photo)
Prime Minister Narendra Modi practices yoga in front of the Mysuru Palace along with thousands of people on Tuesday. (Twitter Photo)(HT_PRINT)

It was Prime Minister Narendra Modi who proposed to celebrate Yoga during his speech to the UN General Assembly in 2014, soon after he had received a historic mandate to form the government. As the United Nations approved the same, June 21 has been observed as the International Yoga Day since 2015. While Yoga has always been India’s own way to fitness, it was PM Modi who made it mainstream and spread a wider awareness across the world.

PM Modi also established the Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homoeopathy (AYUSH), which has given the entire industry a much-needed boost.As a result, the global Yoga market is now expected to reach $66.2 billion by 2027, growing at a CAGR of 9.6%, according to Allied Market Research.

Yoga's numerous health benefits have led to a surge in the number of people practising it around the world. Yoga can help with a variety of conditions, including insomnia, hypertension, gastrointestinal problems, diabetes, anxiety, depression, psychosis, and sleep disturbances.

Furthermore, Yoga promotes blood pressure management, aids in illness prevention, stabilises hormonal fluctuations, regulates blood sugar, and aids in the balance of body fluids. Yoga's extensive health benefits are projected to propel the industry further in the coming years.

In 2019, the Yoga market was worth $37,462.5 million and is expected to increase to $66,226.4 million by 2027, with a CAGR of 9.6% from 2021 to 2027. Although North America has the largest share of the yoga market, the Asia-Pacific region is expected to develop at the fastest CAGR over the forecast period.

Yoga became a massive source of wellbeing in the COVID-19 pandemic. As moving outside was restricted, numerous people started practising Yoga to stay fit. The Narendra Modi-led government kept promoting Yoga and its benefits even during the pandemic.

On the International Yoga Day, when the country was struggling through the first wave of coronavirus, Prime Minister Narendra Modi stated that yoga was even more crucial during the pandemic since certain yoga "asanas" and practises may benefit those suffering from various respiratory disorders.

“The theme of International Day of Yoga this year is ‘Yoga at home, Yoga with family’. Today, we will stay away from all social gatherings and do yoga with our family. When family members come together in practising Yoga, it spreads energy in the entire house,” said PM Modi in 2020.

Yoga classes have reopened as lockdowns have been lifted in most locations. The demand for offline courses has surged once again, and the offline category is expected to continue its dominance throughout the projected period. According to Allied Market Research, the online Yoga course category is predicted to grow at an annualised rate of 12.3% from 2021 to 2027.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeNewsIndiaYoga: An idea of PM Modi that is now a global phenomenon

Most Active Stocks

Bandhan Bank

206.00
06:12 AM | 20 JUN 2024
7.15 (3.6%)

Bharat Electronics

311.80
06:12 AM | 20 JUN 2024
2.5 (0.81%)

Tata Steel

182.45
06:12 AM | 20 JUN 2024
2.4 (1.33%)

Indian Oil Corporation

168.85
06:12 AM | 20 JUN 2024
2.05 (1.23%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Gujarat State Fertilizers & Chemicals

261.60
05:58 AM | 20 JUN 2024
21.8 (9.09%)

Gujarat Fluorochemicals

3,479.25
05:58 AM | 20 JUN 2024
226.8 (6.97%)

City Union Bank

166.40
05:58 AM | 20 JUN 2024
9.4 (5.99%)

Alkyl Amines Chemicals

2,125.85
05:58 AM | 20 JUN 2024
119.55 (5.96%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    72,995.00-286.00
    Chennai
    73,353.00642.00
    Delhi
    73,210.00-285.00
    Kolkata
    72,995.00-571.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanGet App