Indiaâs Union Budget 2024-25 evoked a host of mixed reactions for this post-election Budget. We present key points from the reactions shared by healthcare industry leaders below. While many healthcare leaders highlighted their positive reception of the FM Nirmala Sitharamanâs Budget for the current financial year, there also are voices of discontent.
Highlighting increased healthcare allocation, duty reductions on cancer drugs, and support for innovation, these insights provide valuable perspectives on the Budgetâs impact on the healthcare sector going forward. Get a nuanced understanding of the Budgetâs benefits and the industry leadersâ recommendations for further improvement.
Abhishek Sinha, Co-Founder, HealSpan
⢠Budget emphasizes employment, sanitation, and infrastructure.
⢠Boost to SMB manufacturing and revised mining policy benefits renewable energy and electronics.
⢠Simplified income tax and abolished Angel Tax are appreciated.
Abrarali Dalal, Director and CEO, Sahyadri Hospitals
⢠Budget increases healthcare allocation and reduces duties on cancer drugs and medical equipment, improving affordability and accessibility.
⢠Increased research funding through âAnusandhan National Research Fundâ will foster innovation.
⢠Government should do more to boost healthcare infrastructure.
Ameera Shah, Executive Chairperson and Whole Time Director, Metropolis Healthcare
⢠Targeted skilling programs for women to boost workforce participation is the right move.
⢠Encouraging womenâs involvement in the industry progress is a good step and is important from healthcare sector's perspective.
Amit Gandhi, Founder and CEO, Insight Tribe
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