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Budget 2025 Expectations Live Updates: Will Finance Minister Nirmala Sitharaman fulfill hopes for income tax relief for the common man?

Budget 2025 Expectations Live Updates: Will Finance Minister Nirmala Sitharaman fulfill hopes for income tax relief for the common man?

Budget 2025 Expectations Live: What should govt do for EV sector?

The Union Budget 2025 is a crucial chance to reshape India’s healthcare system and establish the country as a leader in accessible and advanced medical care. With a population of over 1.4 billion, the healthcare sector must grow to meet the needs of both an aging population and a growing one. Increasing healthcare spending to 5% of GDP is necessary to fix existing issues and provide quality, affordable care, especially in rural and semi-urban areas.

To close the gap between rural and urban healthcare, a multi-layered strategy is needed. Investments should focus on improving district hospitals, strengthening primary care networks, and expanding secondary and advanced care facilities. At the same time, tax reforms are key to this transformation. While basic medical services and life-saving medicines are exempt from GST, reducing GST on high-end medical devices and adjusting customs duties on advanced technology can lower costs, make healthcare more affordable, and boost local manufacturing under the ‘Atmanirbhar Bharat’ initiative.

Involving the private sector is equally important to make healthcare more decentralized and fair. Providing tax benefits for investments in underdeveloped areas could encourage the building of modern medical facilities. Incentives for healthcare start-ups and revising capital gains taxes can foster innovation and attract investments in research, technology, and healthcare delivery, transforming India’s healthcare system.

The Budget should also focus on new healthcare trends to solve critical problems. Artificial Intelligence (AI) has the power to change how diseases are diagnosed and treated, offering personalized care and better predictions of health outcomes. Funding AI-based tools, like early disease detection systems, automated medical imaging, and virtual health assistants, can improve efficiency, cut costs, and make advanced treatments more accessible.

Cancer care is another urgent area that needs attention. Increased investment in cancer research, early detection programs, affordable treatments, and advanced cancer centers can help address the growing cancer cases in India.

At the same time, the rising number of elderly people highlights the need for better senior care. Developing specialized services, such as long-term care homes, home-based care, and programs for managing chronic diseases, will improve the quality of life for older adults.

India must aim not just to be the “world’s pharmacy” but also a global leader in healthcare innovation. Investments in medical education, skill development, and research are vital to solving workforce shortages and advancing medical science. Expanding top-level research institutions can make India a center for advanced diagnostics and better patient outcomes. Public-private partnerships should be used to expand telemedicine services and improve access to primary care, while workforce training prepares healthcare professionals for modern challenges.

Sustainability must also be part of healthcare reforms. Eco-friendly policies, such as green hospitals and facilities powered by renewable energy, not only support India’s climate goals but also set an example for integrating environmental care into healthcare services.

The Union Budget 2025 is more than just an economic plan; it is a visionary guide to building a healthier, stronger, and fairer India. By combining tax reforms, infrastructure development, and forward-thinking policies, India can establish itself as a global leader in innovative and excellent healthcare,” says Azad Moopen, Founder and Chairman, Aster DM Healthcare.

Budget 2025 Expectations Live: IT Industry Calls for Boosts in AI and Quantum Computing

“The IT industry holds significant hopes for the upcoming budget, focusing on policies that foster innovation, drive growth, and create employment opportunities. Experts are looking forward to incentives for adopting cutting-edge technologies like AI, quantum computing, and blockchain, as well as tax benefits for R&D activities. Enhanced support for skill development programs, particularly in AI and cybersecurity, is essential to address talent shortages. Strengthening digital infrastructure, supporting startups, and encouraging global delivery models could help position India as a leader in tech innovation. Additionally, the sector seeks greater clarity on data privacy laws and streamlined tax policies to ensure business ease and global competitiveness. A technology-driven budget could be a game-changer for the sector’s contribution to economic growth.”

“As we approach the Union Budget 2025-26, the IT sector expects steps to enhance India’s digital backbone, especially through tax incentives for the data center industry. Data centers are pivotal for delivering digital services and realizing the ‘Digital India’ vision. Such incentives could not only attract international investments but also create jobs and open a new chapter of growth for the industry. These reforms would establish India as a global leader in digital infrastructure, spurring innovation and economic development,” says Neeti Sharma, CEO of TeamLease Digital.

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