Masaharu Morita, Founder and Program Director at NURA.
Credit: NURA
Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.
The healthcare sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.
"The country’s healthcare industry hopes that the government will surely look at launching programmes and policies in the upcoming Budget 2025 that support the growth of the AI ecosystem in India with a clear roadmap to position the country as a global hub for the AI-enabled healthcare services.
With the help of government’s industry friendly policies, AI-enabled healthcare companies can channelize more investments in the healthcare sector, particularly in the adoption of AI and advanced technologies. Higher budgetary allocation for healthcare in the upcoming budget particularly in promoting R&D and integration of AI solutions in diagnostics, telemedicine, and personalised healthcare would be very beneficial for the sector as a whole.
To address emerging health challenges, the upcoming budget should focus on investing in preventive care, enhancing care coordination and management, and addressing healthcare gaps, particularly with the help of emerging technologies such as AI and blockchain," said Masaharu Morita, founder and Program Director at NURA.
Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.