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Incentivise investments in healthcare sector: Pre-Budget survey
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SME Times News Bureau | 27 Jan, 2022
A pre-budget expectations survey on Wednesday showed increasing demand
for incentivising investments in healthcare sector.
As
per the Grant Thornton Bharat survey, nearly 58 per cent of the
respondents believe that fiscal incentives will encourage private
investment in the rural healthcare infrastructure.
"More than 55
per cent of the respondents feel that a mix of fiscal incentives and
public-private partnerships will encourage private investments in the
healthcare area," the survey report said.
"Permitting expenditure
towards healthcare infrastructure as a corporate social responsibility
(CSR) expenditure will provide an impetus to investments in rural
areas."
Besides, more than 78 per cent expect more than 2 per cent of GDP as healthcare expenditure.
Furthermore,
zero-rated Goods and Services Tax (GST) structure for healthcare
services has emerged as a key demand, with nearly 78 per cent of
respondents favouring such a regime.
According to Bhanu Prakash
Kalmath S.J., Partner and Sector Leader - Pharma & Healthcare, Grant
Thornton Bharat: "Availability, accessibility and affordability have
been the focus of the government and an increase in healthcare budget
allocation to at least 3 per cent of the GDP over the next few years
will provide the desired impetus."
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