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In the recent times of recession when almost all the industries are effected , the question arises if the health industry is still stable, shielded amidst all the economic crisis or is it proving the belief that health care industry is recession proof.

It is inevitable that people fall sick and need medical aid for various reasons. Poor eating habits have lead to various health related issues. 

It was earlier believed that the health care center was not much vulnerable to the economic crisis that we are facing today but however the truth remains that the health care sector is not spared form the severe economic blow. As the health sector is also a part of the economy, so has it become a part of the vicious economic downtrend. 

On the other hand people don’t want to go for expensive treatments due to budget crunch. Without medical insurance many people will not be able to pay for the medical expenditures further resulting in the doctors and the hospitals to face the bad debts.

A number of factors in the health care sector are getting effected due to the mismatch happening between the allocation of resources and the assets in the respective industry.

The health care industry comprises of the health care technology, medical devices and equipment, health care services company , bio tech firms along with the insurance companies which bridges the gap between the health industry and the financial industry. Health care industry definitely forms the vital part of the economy.

In the US the health care industry is also seeing a slow growth in this year as it is being subjected to the market slowdown. The growth level has gone down to 4% compared to the 14% in the previous year in the US. The heath care sector is also witnessing lay offs, salary freezes and reduction in allowances.

The key concerns like access to care, quality to care, cost of care, technology adoption, burden on providers, shortage of providers etc needs to be addressed but might take a back seat due to the monetary crisis.

However, in India the health sector is said to be growing at 12% rate per annum in India amidst recession according to Udo Schürtzmann, Managing Director of Messe Düsseldorf India Pvt. Ltd. . The existing potential of the health care industry appears to be steadily growing with India becoming the epicenter of the health tourism.

It is also interesting to know that medical tourism is being proposed in order to cut the health care treatment cost which mean the patients will be traveling to another country to avail the services at a much cheaper cost. cAmong the destinations India is also in the list along with Brazil, Costa Rica, Gulf States, Hungary, Malaysia, Mexico, Singapore, South Africa Thailand and Cuba.

The air fares and the cost of companion is very much cheaper in India helping the oversees patients to save thousands of dollars. Another interesting factor is the post treatment packages that is provided to visit the attractive places in the respective country.

Despite the global downtrend the MT(Medical Transcription) industry forges ahead through the recessionary trying times and cannot be denied as the fastest growing fields in the health care sector. This acts as a beneficiary factor as India is an ideal destination for the Medical Transcription processes as it has the educated, trained and English speaking lot. 

However, experts say that the health sector could actually lead the economy out of recession. The people would like to forgo a lot but the health care sector still is considered a necessity. The economic slow down has had an impact but a marginal one in India and some of the giants in the health industry are on the process of spinning off the expansion process. Health industry has improved in the past few months and so is considered safe and is growing. Hope can be restored that once the dust recessionary period is settled , this industry can witness major investments.

Head quartered in Mumbai, Jet Airways – the largest private airlines in India operates around 400 daily flights to 47 domestic destinations and 24 intercontinental destinations in 19 countries across southern Africa, Asia, Europe and North America.  With facilities like promotional or discounted fares on Jet Airways tickets, travel assistance, excellent choice of meals and holiday packages, the airline continues to be among the top favorite of people. Airlines are a means to enjoy well-appointed and contented travel to any destination of your choice. The same prospect of fliers is fulfilled at Jet Airways, where you are served with supreme care and comfort. Moreover, Jet Airways personnel are very attentive to you giving you great service during your flight, with a smile.

The aviation industry is in fact competitive and due to this, a number of airlines are providing low-priced fare to draw the attention of customers. The availability of cheap Jet Airways Tickets has, undoubtedly, given rise to tough competition. Provision of discounted rates on Jet Airways tickets during festive seasons is a common affair. Thus, with Jet Airways, you can soar high without the excessive expenses that you make when traveling by land. The advent of internet has made flying with the airline so easy that now people can easily make their Jet Airways Online Booking from the comfort of their homes. There are several travel portals available, besides the airline’s official website, which provide Jet Airways tickets to travelers at very reasonable rates.

From the Internet, one can acquire complete information about the cheap air fares which is a great handiness for the passengers. The Jet Airways online booking information is available on the internet and thus customers can easily gather the required information from there. The airline’s official website provides a step by step guidance to the customers making the process easy for them. Jet Airways online booking service provides an opportunity to the people to book flights from any corner of world. Besides booking tickets, one can also check schedules, status, web check in facilities, and more.

Indian airlines are caught in a “perfect storm” of big losses, high debt and falling demand, and need urgent help from the new government to make them high-flyers again, says an industry report.The struggling sector was once a vibrant symbol of India’s economic progress but it has seen its fortunes nosedive nose·dive  n.1. A very steep dive of an aircraft.2. A sudden, swift drop or plunge: Stock prices took a nosedive.Noun 1…… Click the link for more information. due to over-expansion, costly fuel and cut-throat competition Cut-throat competition, also known as destructive or ruinous competition, refers to situations when competition results in prices that do not chronically or for extended periods of time cover costs of production, particularly fixed costs…… Click the link for more information..”The industry now is at a very critical stage,” said Kapil Kaul, India head of the Sydney-based Center for Asia Pacific Aviation, the consultancy which authored the report entitled Aviation Agenda for The Next Indian Government.Sector losses for the fiscal year just ended in March 2009 are expected to nearly double from last year to 1.75 billion dollars, Kaul said.That’s a fifth of the losses of airlines globally of 8.5 billion dollars estimated by the International Air Transport Association.”India?s contribution to this (loss) is significantly higher than the two percent of world air traffic for which it accounts,” said the report.The Indian industry’s woes are highlighted by a slump in passengers. In April, the number of domestic passengers fell by 591,000 or 15.2 percent year-on-year, the fourth straight month of declines.The figures are a far cry from earlier heady head·y  adj. head·i·er, head·i·est1.a. Intoxicating or stupefying: heady liqueur.b.  government forecasts that passenger growth would run at 25 percent annually until the end of the decade.Passenger numbers were expanding by double digits Double Digits was a pricing game on the American television game show, The Price Is Right. Played from April 20, 1973 through May 18, 1973′s show, it was played for a car and used small prizes.  when India’s economy was booming. Cheap fares and increasing affluence among India’s middle classes drove a migration from the country’s antiquated train network to planes.After the government opened India’s skies to more competition in 2004, a clutch of new airlines took flight, revolutionising domestic travel in the country of 1.1 billion.But then costlier oil pushed up air fares last year, sending many passengers back to trains.Now the sector has also been hit by a slowing economy triggered by the global financial crisis, reducing business and leisure journeys.”It needs to quickly restructure and the new government has to help them reduce high structural costs,” Kaul told AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. , citing hefty jet fuel taxes.There is also a need to allow more domestic airlines to fly internationally to boost revenues, Kaul said.The Congress-led government should allow foreign airlines to take equity stakes in domestic airlines to give them access to fresh capital, he said, but to draw investment the carriers must clean up their balance sheets.”Over-aggressive expansion” to grab market share is “partly responsible for the fiscal demise of the sector,” the report said.Flagship state airline Air India Air India (formerly Air-India, Hindi: ??? ??????) is the national flag carrier of India with a worldwide network of passenger and cargo services.  is hurting the most. It’s estimated to have racked up 800 million dollars in losses for the past year and debt of four billion dollars, the report said.Air India, which flies internationally, merged with government-run domestic carrier Indian last year to become more efficient but its planes are flying emptier and passenger revenues are still falling.Despite this, it still plans to take delivery this year of 26 new aircraft — “a significant augmentation AUGMENTATION, old English law. The name of a court erected by Henry VIII., which was invested with the power of determining suits and controversies relating to monasteries and abbey lands.  in capacity when the opposite would be more appropriate,” said the report.And India’s two major private airline groups, Jet Airways Jet Airways (India) Ltd. is an airline based in Mumbai, India, operating domestic and international services. It operates over 330 daily flights to 50 destinations across the country and 6 overseas.  and Kingfisher Airlines Kingfisher Airlines Limited is an airline based in Bangalore, India. It is a major Indian luxury airline operating an extensive network to 34 destinations, with plans for regional and long-haul international services. , also have hefty debts and big losses. Jet reported its third-quarter net loss more than doubled to 44 million dollars.Rationalisation Noun 1. rationalisation – (psychiatry) a defense mechanism by which your true motivation is concealed by explaining your actions and feelings in a way that is not threateningrationalization  “is inevitable and desirable for the health of the industry,” said Kaul, who believes India can only support two full-service carriers. He declined to say which should survive.But the no-frills airline model offered by carriers such as Indigo Airlines IndiGo Airlines is a private domestic low-cost airline based in Gurgaon, India. It operates domestic services linking 14 destinations. Its main base is Indira Gandhi International Airport, Delhi. , which has bucked the falling passenger trend, could be the platform for future growth, he said.