Reactions on Union Budget 2023 from Anurag Kashyap, Director- Finance & Strategy TR Life Sciences

New Delhi, February 01, 2023: With a Budgetary allocation of Rs 89,155 crore to the Ministry of Health and Family Welfare, the government has shown its intent to increase public spending to improve the health delivery systems in the country. Last year, the government allocated Rs 86,200 crore. Hence, a hike of nearly 3,000 crore augurs well for the efficient implementation of several key schemes and that would benefit the people. Union Budget 2023-24 has accorded priority on capacity building and setting up 157 Nursing Colleges is a clear manifestation of that. We were also expecting some incentives for green hospital projects, PPP, provisions for long-term credit facilities, a dedicated regulator for the hospital sector and rationalization of import duty on medical equipment. Some of our expectations remain unfulfilled. However, we are hopeful that in ‘Sapt Rishi’ model of development, the government would find out some ways to consider the much-needed reforms while finalizing the Budget 2023-24. Overall, Union Budget manifests a holistic vision for healthcare. Provisions for a higher budgetary allocation is positive but in real terms, the sector needs more to achieve the target of 2.5% of GDP.

Corporate Comm India (CCI Newswire)