Dhaka, March 3 -- India's medical value tourism (MVT) sector has seen a significant decline in patient arrivals from Bangladesh, attributed to worsening bilateral relations and visa restrictions.
According to the latest data from the Ministry of Tourism, MVT recorded a year-on-year (YoY) drop of 43 per cent in November 2024 and 59 per cent in December 2024, reaching its lowest monthly figure of 30,800 in the past year.
The downturn in MVT has adversely affected hospitals reliant on international patients, particularly in Kolkata and the northeastern states.
"The decline aligns with our expectations," said Tausif Shaikh, an analyst at BNP Paribas Securities India Private Limited.
Referring to the firm's Pulse from the Ground: Unpacking t...