Rise of Indian Wellness Industry

From grinding the wheat beats in the hand grinder to Zumba classes for weight loss, the aspects of fitness have come a long way! Indians are taking active participation in keeping themselves fit and active, not just as a trend but, as a dire need too!

Technology is transforming the regular lifestyle and providing better options with the already available resources, how could the wellness industry be left untouched? In the era of smart, you need not head towards the gym for your fitness session instead, the mobile applications get your personal gym at home. The easy accessibility to every service opens a door to possibilities!

According to KPMG Wellness Sector report, Indian beauty and wellness market would reach Rs 80,370 Cr by 2018 from Rs 41,224 cr in 2013. The health, beauty and wellness industry in India is now at an all-time high, twice as fast as that of the US and European markets. Wellness industry has a potential to grow and spread through the country, the accumulative benefits come with a major challenge of quality manpower which is the demand supply gap of trained staff.

The health consciousness is not just limited to people around but, even the Indian Government has taken steps towards making a healthy nation. The government has allocated Rs 48,853 crore for health and family welfare for the year 2017-28. As per to the government’s latest step towards improving the current wellness status in India, the wellness industry which is currently seeking a lack of trained professionals will be better equipped with the knowledgeable manpower to correctly guide the customers.

Another point to be included in the positive effects list is the Goods and Service Tax which will be introduced in the future will affect the industry positively. The decision to roll out GST will prove a great benefit in terms of reducing the overall tax implication on the wellness industry, it will surely reduce the involvement of various governments authorities and laws giving an open space to the sector to expand rapidly. Supporting the wellness industry by the union budget 2017, the Indian Government has shown a clear-cut attitude towards the growth, further securing a better path!

As the current scenario seems quite favorable, the accessibility to products has boosted their convenience quotient. It is easy to buy beauty care products online and save big on the same. Mobile applications have brought amenity to next level making health delivered at the doorstep.

Some emerging and widespread names likes Patanjali & Sri Sri Ayurveda has taken over a large chunk of the wellness market making it a way simpler to buy Patanjali products, as they are also selling online.

The wellness needs in India are racing high! So is the development!

Veraaj is a wrtier in Heycare, an online pharmacy in India offering a wide range of healtcare services with healthcare app in india.