Union Budget 2020: Nayati Healthcare founder Niira Radia shares expectations

With just a few days to go for the presentation of Union Budget 2020, several sectors are eyeing the big announcement. The Indian medical industry is no different, and has high hopes from the upcoming budget. Recently, the Chairperson of Nayati Healthcare, Niira Radia revealed her budget expectations.

"India is at the cusp of becoming an economic powerhouse over the next two decades, which would only be possible with the support of a robust healthcare infrastructure that is available to our masses and not limited to the metros. The government should exempt the import duty on life-saving healthcare equipment. It should also encourage the domestic production of such equipment's. 'Make in India' in the healthcare sector should be fast-tracked and incentivised," Radia said.

She added, "The creation of healthcare facilities in the non-metros needs to be incentivised to facilitate early diagnosis of growing non-communicable diseases (NCDs). This would correspondingly make them easier and economical to treat, thereby enhancing the probability of the disease reversibility. Soft loans, tax holidays, subsidised land are also some of the areas to be worked upon in this direction."