India’s Medical Value Tourism (MVT) sector faced a steep decline in November and December 2024, with a drop of 43 per cent and 59 per cent year-on-year (y-o-y), respectively, according to the latest data from the Ministry of Tourism. The sector recorded its lowest monthly figure for the year at 30,800 medical tourists in December, highlighting the continued impact of ongoing political tensions between India and Bangladesh.
Bangladesh accounts for nearly 70 per cent of India’s medical tourists, making it a critical market for the country’s healthcare industry. Foreign tourist arrivals (FTA) from Bangladesh fell by 44 per cent in November and 67 per cent in December, hitting a low of 60,800 arrivals in December…
