India's AYUSH Services Sector Reaches US$36.92 Billion, Driven by Growth
The latest in this situation
How it started
What happened
The AYUSH services economy was estimated at US$36.92 billion in FY2024-25, recording a compound annual growth rate of 16.91 per cent since FY2022-23. The sector supports approximately 1.76 million livelihoods and is noted as a significant source of employment for women in India.
From prokerala.com
Why it matters
The sector's expansion reflects increasing opportunities within organized AYUSH establishments, which include Ayurveda, Yoga and Naturopathy, Unani, Siddha, Sowa-Rigpa and Homoeopathy. This growth contributes to the sector's overall economic standing and provides substantial employment across healthcare, wellness, and education services.
From prokerala.com
Who's involved
- Ministry of AYUSHGovernment ministry that released the Ayush Service Sector Report
- Government of IndiaLegislative, executive and judiciary authority of India
- Central Council for Research in Unani MedicineDependent body under the Ministry of AYUSH
- Morarji Desai National Institute of YogaCollege affiliated to the Guru Gobind Singh Indraprastha University under the Ministry of AYUSH
- West BengalIndian state actively collaborating with the Ministry of AYUSH on events
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Government of IndiaSpeculative
Sector growth could strengthen the Government of India's economic standing through increased GDP and employment.
- Central Council for Research in Unani MedicineSpeculative
Sector expansion and increased government attention might justify greater funding and scope for the Central Council for Research in Unani Medicine.
How it developed
Newest first. Tap a step to see who reported it.- Ayush services now cover Siddha as part of its operational scope.Sub-event
Reports on the general growth trend of the AYUSH services sector in India.1 source
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The entities involved
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Ministry of AYUSH
government ministry for traditional and alternative medicine