Budget 2024: Increase health allocation to 2.5% of GDP: Fortis CEO

In this video, MD and CEO of Fortis Healthcare Dr. Ashutosh Raghuvanshi discusses what the healthcare sector needs this budget season. He urges the government to increase the healthcare budget to 2.5% of GDP to address pressing challenges in manpower and infrastructure. Dr. Raghuvanshi advocates for substantial investments in digital infrastructure and medical education, alongside addressing indirect taxation issues, including the utilisation of minimum alternate tax credits. He also calls for the rationalisation of GST to enhance the financial viability of private healthcare providers and suggests reducing custom duties on medical equipment. These measures, he argues, will improve healthcare accessibility and affordability, spur infrastructure development in Tier-1 and Tier-2 cities, and ensure quality healthcare across the nation.