“India’s demographic advantage is as good as the health of the people. Keeping this philosophy in mind, there should be higher budgetary allocation towards the development of medical infrastructure, including affordable hospitals for the burgeoning middle class. With a larger share of the Indian population residing in rural India, Budget 2022-23 should also allocate resources in developing the primary healthcare infrastructure. Medical insurance should be exempted from GST, thereby bringing relief to middle class households. Lastly, the GST rates for medical products should be rationalized to bring uniformity.”
Ascent Meditech Limited is a three-decade-old Indian Consumer healthcare multinational company that offers more than 400+ products across 5 categories – healthcare, orthopaedic soft goods, wound care, mobility and personal protection and has a global presence in around more than 50 countries across 4 continents.