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Private healthcare majors lauds finance minister for increased Union Budget focus on sector

Apollo Hospital president said, India is set to be the most populous nation and health will be a critical determinant for progress.

Published Feb 01, 2023 | 5:37 PMUpdated Feb 01, 2023 | 5:41 PM

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Private healthcare majors feel that the Union Budget presented on Wednesday, 1 February, by Finance Minister Nirmala Sitharaman has given an increasing focus on the sector.

Apollo Group Hospital President Dr K Hari Prasad said in a statement, India is poised to be the most populous nation in the world and health will be a critical socio-economic determinant for the country’s progress.

“There is increasing focus on healthcare as is evident from the Union Budget presented by Hon’ble Finance Minister today… While we will get more clarity on reviewing the complete budget document, the initial reaction is that it is a positive and forward-looking budget,” he said.

Artificial Intelligence in healthcare gets a major thrust and this would be of immense help in improving the sector and also create opportunities for research and innovation across the healthcare spectrum, he further said.

Replacing old ambulances with new ones will improve pre-hospital emergency care aiding in saving lives during the ‘golden hour’, Hari Prasad said.

Also read: No tax on income up to ₹7 lakh; income tax slabs reduced to five

Government healthcare expenditure has doubled over the last eight years and is going up further. With wellness and primary care being the areas of focus, it will have a positive impact on basic healthcare indices like maternal mortality rate and infant mortality rate, he added.

Describing the Budget as a “good one given the tough macro level scenario”, Kamineni Hospitals MD Kamineni Shashidhar, in a statement, said it is a welcome initiative to establish 157 nursing colleges as there is need for more nursing professionals in the country.

(Disclaimer: The headline, subheads, and intro of this report along with the photos may have been reworked by South First. The rest of the content is from a syndicated feed, and has been edited for style.)

 

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