Excitement builds in New Delhi for the Union Budget 2026-27 on February 1, as healthcare leaders outline bold expectations. Greater public investment, GST fixes, digital health push, and R&D emphasis top the agenda, potentially revolutionizing India’s medical ecosystem.
Raising expenditure to 3-5% GDP is critical amid NCDs causing 65% deaths and straining resources. Current levels are insufficient for progress.
‘Policy execution is key now,’ a top expert stressed, calling for over 2.5% GDP allocation to secure long-term health stability.
Post-2025 GST relief to 5% on kits, correcting anomalies like 18% on protection gear to 5% would invigorate domestic industry and cut costs.
Addressing 80% imports demands robust ‘Buy India’ support through expanded PRIP schemes for innovative local manufacturing.
Focus on underserved areas with PSL/VGF for diagnostic and eye care facilities promises universal access to superior healthcare.
Digital health via AI/IoT offers predictive, preventive care, streamlining detection and treatment for better results.
Seamless fusion of digital systems with everyday services like pharmacies and home care, fueled by healthtech, enhances experiences profoundly.
Health sector’s message: Prioritize execution in spending, policies, tech, and production for a thriving, inclusive future.