Budget 2025: What does healthcare sector want apart from tax reform and innovative push?
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2 months ago

Budget 2025: What does healthcare sector want apart from tax reform and innovative push?

India TV News  

The Union Budget 2025 of the central government led by Prime Minister Narendra Modi is about to be announced soon. This time, along with all the other sectors, the health sector has also high expectations from the highly-awaited Prime Minister Narendra Modi-led government's budget. Also, the healthcare sector is urging a reduction in import duty on medical devices and measures to promote research and development in advanced technology, as well as policies to promote local manufacturing and rural healthcare. Biggest demand in the medical sector Among all the demands of the healthcare sector from the Modi government's budget, the topmost one is the demand for uniform taxation on medical equipment. Niti Aayog believes the same Regarding the demand arising in the healthcare sector, the 2023 report of the National Institute for Transforming India stated that a uniform tax structure can simplify compliance and also prove to improve operational deficiency, besides reducing costs in the health sector.

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