Citation :

Dr. Goutam G Saha, 2023. "Progression factors of Wellness & Wellness Industry in Indian Market: A Conceptual Study" ESP International Journal of Science, Humanities & Management Studies(ESP-IJSHMS)  Volume 1, Issue 1: 24-28.

Abstract :

The concept of ‘wellness’ is more and more deep-rooted in conventional concepts of what makes a healthy lifestyle, enhancing the current modern scientific and curative medical measures to health. The ‘wellness’ concept is interlinked to several cultural traits via the traditional practices of yoga, Ayurveda and meditation which were born in foothills of The Himalayas. According to Global Wellness Institute, recent report of October 2018, the total global wellness industry is worth US$4.2 trillion in FY2017representing 5.3% of global economic output as compared to the Indian wellness industry which estimated US$1.1 trillion in FY2017 having growth rate of 15% and forecasted to touch US$24bn by FY20 as per report by FICCI and Ernst & Young. So this paper intends to explore the concept of wellness and wellness industry along with its growth factors. Recent trends of wellness industry has been also discussed and suggestions been stated for future growth in the sector.

References :

[1] Websites:

www.ficci.in

www.nsdcindia.org

www.imf.org

www.who.int

https://globalwellnessinstitute.org/

http://www.nabh.co/

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Keywords :

Wellness, Wellness Industry, Lifestyle Growth, Rejuvenation, Alternate Therapy, Nutritional Care etc.