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Indian pharmaceutical industry seeks budget increase for rural healthcare, tax benefits, and duty cuts.
The Indian pharmaceutical and healthcare industry is pushing for a 2.5-3% increase in healthcare budget allocation in the upcoming Union Budget 2025, focusing on improving infrastructure in rural and semi-urban areas.
Key asks include reinstating tax benefits for research and development, lowering GST rates on health insurance premiums, and reducing customs duties on life-saving drugs.
These reforms could boost India's position as a global pharmaceutical hub, following a 9% growth in the sector to USD 54 billion in FY24.
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La industria farmacéutica india busca un aumento presupuestario para la atención médica rural, beneficios fiscales y recortes de impuestos.