9th World Ayurveda Congress (WAC) was inaugurated recently at Panaji, Goa.

 

About the World Ayurveda Congress

  • The 9th WAC aims to showcase the efficacy and strength of the AYUSH systems of medicine at the Global level.
  • Objective — To provide a global platform for all the stakeholders, including industry leaders, practitioners, traditional healers, educationists, students, medicine manufacturers, growers of medicinal plants and marketing strategists, for networking and engaging in intellectual exchange to strengthen the Ayurveda sector, envision its future, and facilitate interaction between professionals and consumers to boost Ayurveda commerce.

 

AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy) sector –

  • The market size of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy) sector in the country has grown from USD 3 billion in 2014 to over USD 18 billion now, clocking a phenomenal growth of six times.
  • During 2014-2020, the AYUSH industry grew 17 per cent year-on-year while the Ayurveda market is predicted to grow at 15 per cent CAGR from 2021-2026.

 

Ayush Grid

  • The Ayush Grid project was initiated by the Ministry in 2018 for creating a comprehensive IT backbone for the entire sector.
  • Digitalisation of the entire Ayush Sector will lead to its transformation in fields of health care delivery at all levels, including research, education, various health programmes and drug regulations.