Medical Tourism

Falling rupee boosts medical tourism

The falling rupee has put hospitals in a unique situation; while they stand to gain from the boost to medical tourism, cost of importing medical devices has also gone up considerably.

Major hospitals in the city are upbeat about the boost the depreciating Indian currency can give to international patient arrivals here. “While it is too early to gauge the overall impact of the falling rupee on international patient arrival yet, the outlook is very positive indeed,” said Rajiv Sharma, chief executive officer of Sterling Hospitals.

The rupee is hovering around 62 to a dollar at the moment. It has witnessed a steep fall (from around Rs 53 to a dollar in February 2013) in the last few months, and experts feel that the Indian currency can depreciate further compared to the US dollar.

Full report here Business Standard 


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