Report: Wellness industry at $1.5trillion with 5-10% growth

According to a McKinsey and Company report, the wellness industry stands at $1.5 trillion with a yearly growth rate of 5-10%, expanding the scope of wellness. The report highlights that owing to the increased use of social media, the Indian youth is interested in aesthetic well-being. Also, the wellness industry and mindfulness segment has generated immense interest. Today’s people want to understand the functioning of their body and find solutions through wellness. Central government’s programs like AYUSH are adding momentum to this movement. India is all set to become a hotspot within the global wellness community with a 12% growth rate annually.