Why has yoga become necessary for the country's economy? Know what the figures say

Along with yoga, its industry is also going to be taken very seriously. Its business has increased by 80 percent especially in India in the last two to three years and it is expected to increase by 75 percent in the world by the year 2027.

21 June 2023, not only India, the whole world is celebrating Yoga Day. Since the International Yoga Day started in the year 2015, yoga has started being taken more seriously in the whole world including India. In about 8 years, the number of people doing yoga has increased rapidly and has taken good care of people's health. At the same time, Yoga has also taken great care of the economic health of the country. Talking about the last three years, a growth of about 79 per cent has been estimated in India's yoga business. Whose growth of 20 percent has been estimated every year in the coming years. In such a situation, it would not be wrong to say that yoga is becoming very important for the economic health of the country as well as the world. Let us try to understand this thing from the figures.

Yoga is improving the economic health of the world

First of all, if we talk about the world, then there is a rapid increase in the business of yoga. Yoga has become popular in America, Europe and other continents and there has been a boom in the business related to it. According to the report of the year 2020 of Allied Market Research, in the year 2019, the yoga industry in the whole world had become more than Rs 3 lakh crore. In whose report an increase of 75 percent has been estimated by the year 2027. After which this figure is estimated to reach Rs 5 lakh crore. On the other hand, if we talk about the figures of the American website Yoga Times, then the value of the yoga industry is being seen at about $ 88 billion at present. Which is estimated to be $ 215 billion by the year 2025. According to the Yoga Times report, the US yoga market is growing at a rate of 9.8 percent every year.

Talking about mats used for doing yoga, its consumption has been seen in America, Europe and Britain. Its production is continuously increasing in countries like Germany, US and China. According to a Yoga Times report, the yoga mat market is expected to grow from $1.4 billion in 2020 to $2.6 billion by 2026. Lululemon, one of the yoga clothing brands, saw revenue of $929 million between 2017 and 2018, an increase of 18 percent in a single year. In such a situation, you can understand that how fast the yoga industry is progressing in the world.

Yoga business is also booming in India

On the other hand, if we talk about the yoga business of India, it is booming. Talking about the figures, in the year 2021, in The Economics Journal, Dr. Shefalika Rai, writing on the topic of the role of yoga in the Indian economy after Kovid, referring to the figures, said that the country's overall wellness market is worth 49 thousand crores. . Under wellness services, yoga studios or fitness studios alone have a 40 per cent share in this market. In the next three years, the Indian wellness industry will grow at a CAGR of 20% to reach Rs 87500 crore. In such a situation, you can guess that how important yoga has become for the health of the economy of the country and the world.