Union Budget 2024: Additional measures needed to create new healthcare economy in the country

Acknowledging the critical role of reforms in fortifying health systems, the government is expected to make pivotal announcements in the upcoming budget. The hospital sector, constituting 80 per cent of the total healthcare market, seeks a booster dose through some specific structural and fiscal reforms including a push to healthcare insurance, medical travel value, the establishment of a regulator, import duty rationalisation on medical equipment, and price rationalisation.

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