New Delhi: Union Budget 2022 will be presented on February 1 with various industries, individuals and others throughout the country anticipating changes in their respective regions.
The health care sector will be one of the most important sectors to be the focus this year.
Experts believe that the government, who has placed health and well-being as the first of six pillars in the Union 2021 budget, is expected to continue the focus in 2022 as well.
Expenditures for Infra Healthcare must be increased in the hospital sector at the front line as a Covid case in an Indian surge again, facilities at the level of 2-3 cities need to be equipped with a diagnosis center, ventilator, icus, critical care facilities, and Dr.
Ashutosh Raghuvanshi, Implementing Director and CEO in Fortis Healthcare.
“There is an urgent need to allocate a separate budget for national campaigns around preventive health, testing and screening because this is the key to reducing the burden of the overall disease in India,” Raghuvanshi said.
He also highlighted the fact that health care must be given priority status so that this sector can benefit from the GST transition and health care providers and health care agencies can utilize loans with lower and long-term levels.
“It is very important that the government reduces the duties and CESS for critical care and equipment and sacrificial medicines to reduce costs for providers and patients.” Investment in all segments needed This sector is on the way to recover from a setback of pandemic, greater investment in all segments will encourage organizations to expand their capacity, said V Ashok, CFO in ACG, one of the leading pharmaceutical producers.
“Bringing new investments, giving incentives & supporting existing organizations with forward-looking policies, reduction of tasks and reducing GST will reduce the overall cost of health care services that will benefit most people in this country and encourage organizations to invest more in R & R & D, “Ashok said.
Given, India is the exporter of the largest pharmaceutical products, the government can see providing the appropriate Rodtep level for pharmaceutical products exported by the industry to encourage drug exports, he added.
The sector has not been able to benefit from GST Transitionday Harsh Mahajan, the President at the Indian Health Federation, believes that embedded taxes in this sector have increased in the post-GST regime compared to the pre-GST scenario.
Therefore, it is very important to rationalize GST to unlock embedded credit which is trapped in the health value chain, he said.
Hope the government takes several major fiscal steps, the Indian health system has dealt with its biggest challenges.
In this context, Sanjay Vinayak, the founder and CEO of CEOs and Heals, hopes that the government will take several main fiscal steps, starting with the simplification of GST conditions for all health care providers.
“Every organization that provides, facilitates, or coordinates health care services must be given liberation from GST even if they are not their own clinical companies.
Holping this problem is very important for modern health care companies,” he said.
Apart from this, the primary health sector continues to suffer from financial challenges, Vinayak said, “there is a need to fulfill priority health care loans as a priority sector loan for banks.
This is important because the private sector needs to invest a lot to build a strong infrastructure.
Other important areas for Focus is a lower tax regime for the health care sector to encourage capital inflows.
What is expected the health care sector from the Union budget 2022
