Budget 2022 – Will it be a booster shot for the healthcare sector?
In line with last year’s budget, it is expected that health and well-being will be on the top of the list in the Budget 2022
The pandemic period has been very pertinent and aspiring for the country’s pharma sector. As of 2021, the nation dominated about 60% of global vaccine production, served over 71 countries and has been established as the biggest vaccine producer worldwide. Various policies and packages such as production linked incentive scheme for APIs / KSMs and medical devices, recent scheme for pharmaceuticals, and Promotion of Bulk Drug Parks, were introduced. The announcement of these schemes, in line with Atma Nirbhar Bharat, encouraged domestic and international players to invest in the sector.