Medical tourism. on the growth track in India 12+

🔖 Scientific Essay from the year 2008 in the subject Business economics - Miscellaneous, grade: none, NIL, course: Business management, 46 entries in the bibliography, language: English, abstract: India's growth story as a medical tourism hub is a relatively newer one. With significant cost advantages, availability of quality medical treatment with the most-advanced medical technology coupled with India's well-known tourist destinations and rich cultural heritage,medical tourism does provide a motive sufficient enough to allure those foreign patients who either want to avoid the long waiting list for medical treatment in the West or, in absence of any health insurance coverage, seek lower cost treatment. India's strength in advanced and life saving healthcare such as organ transplants, cardio-vascular surgery,etc, as well as in alternative systems of medicine(i.e. ayurveda, naturopathy,etc) offer significant competitive advantages. Cashing in this opportunity, The National Health Policy 2002 declared that treatment of foreign patients is legally an "export" and deemed "eligible for all fiscal incentives extended to export earnings". Besides, a new category of visa, "Medical Visa" has been introduced by Ministry of Home Affairs, Govt. of India. On the other hand, setting up of Bio-Technology Parks Society of India, grant of SEZ status to them, coming up Medicities, entry of private players in health insurance in India along with Indian hospita...