New Delhi, Oct. 12 -- With manufacturing exports threatened by tariffs and AI automation reshaping IT services, India needs a new growth engine. One opportunity lies in medical value tourism (MVT)-foreign patients travelling to India for world-class care that combines advanced medicine, competitive pricing and trusted outcomes. MVT can become a major earner of foreign exchange, a job creator and a powerful vehicle of soft power.

The global medical tourism industry is already worth $40 billion annually and is projected to reach $100 billion by 2030. With global healthcare services exceeding $6 trillion, the headroom for growth is enormous-especially as populations in developed countries age and strain their healthcare systems.

India's sh...