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Budget wishlist: Experts recommend higher allocation towards healthcare sector

Last budget, Finance Minister Nirmala Sitharaman allocated approximately 71,000 crore for the health and family welfare while allocating 35,000 crore separately for COVID vaccinations. With the pandemic still far from over, industry veterans and healthcare experts have been asking for a higher allocation towards the sector, along with tax incentives.

By CNBC-TV18 Jan 19, 2022 6:22:27 PM IST (Published)

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Healthcare, a sector whose importance has surged by leaps and bounds since the start of the COVID pandemic - while the second COVID wave in April and May last year exposed the lack of adequate medical infrastructure in India, more and more people are being afflicted with lifestyle disorders.

Last budget, Finance Minister Nirmala Sitharaman allocated approximately 71,000 crore for the health and family welfare while allocating 35,000 crore separately for COVID vaccinations. With the pandemic still far from over, industry veterans and healthcare experts have been asking for a higher allocation towards the sector, along with tax incentives.

To discuss the healthcare sectors wishlist, CNBC-TV18 spoke to Kiran Mazumdar-Shaw, Executive Chairperson of Biocon & Biocon Biologics, Suneeta Reddy, MD at Apollo Hospitals Group, and Prof K Srinath Reddy, President of PHFI.

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