Duty exemption on some cancer medicines will make treatment more accessible. In future, budget needs to consider higher healthcare allocations
Lymphatic filariasis exacts a staggering annual economic toll of $1 billion, a focused approach to the disease is imperative. India and its endemic states are tackling economic challenges with targeted efforts to eliminate the disease by 2027. But, will lymphatic filariasis receive enough attention in the upcoming Budget?
Budget 2024 Expectations Highlights: The Budget for 2024-25 marks the inaugural significant economic policy statement of the Modi 3.0 government, aiming to outline India's path toward achieving developed nation status by 2047. Experts have underscored the need for tax cuts benefiting the average citizen to stimulate spending, alongside measures to curb inflation and propel economic expansion.
Budget 2024 Expectations Highlights: A significant demand is to increase the Section 80C tax deduction benefits. This benefit allows taxable income to decrease if investments are made in specific categories.
This implementation of NEP would help in capacity building for the healthcare sector. This was the ninth Pre-Budget consultation chaired by the finance minister where experts from health and education sectors gave their suggestions for the upcoming general Budget 2024-25
Budget allocations for health and education have seen only marginal increases, much lower than what is needed to improve India’s human capital to global standards. The neglect of the social sector is not a wise strategy in the long run for a young country with poor quality of human resources
Vaccinating girls against cervical cancer, the launch of more medical colleges, and improved mother-and-child care plans, among others, are seen as big positives for healthcare companies.
Experts call for increased allocation for rural and last-mile connectivity for improving healthcare facilities in India for Budget 2024
Budget 2024: Pharma manufacturers feel that the budget must focus on life sciences innovation and speed up research if the industry is to achieve its goal of $ 120-130 billion in market size by 2030