Published on LifeandMore.in: Health Tech and Union Budget

Dr. Kandeepan was one of the experts interviewed by LifeandMore.in on his expectations for the 2023 Union Budget.

Here’s what he said:

“The health tech industry has seen rapid growth over the last five years and has been constantly focusing on developing and implementing newer technologies and approaches to help improve healthcare delivery and outcomes across even the remotest of regions. The industry has huge growth capability to develop into a highly effective and efficient healthcare asset. The indigenous manufacturing needs to be incentivized to compensate for the shortfall of products Some potential areas of focus for health tech companies to further expand their ambit can include digital health tools and services, medical devices, telemedicine, and health data analytics. The government needs to focus on allocating more of its healthcare expenditure to the health-tech sector. We would also love to see the government incentivizing health-tech manufacturers and researchers, and waiving GST off health-tech products to make them more accessible to the end user, along with allotting higher amounts of funding for R&D as well as ensuring that funds earmarked for the development of healthcare technology are fully utilized.”

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