The Minister of Finance, Government of India, unveiled the Union Budget for the period April 1, 2023-March 31, 2024 (the “Budget”), earlier today. The Budget largely appears to focus on improvement of the public healthcare system in India, through Government run initiatives, as well as close co-operation with the private sector. Simultaneously, the Budget envisages preparation towards adoption of futuristic technologies in medicine, through various up-skilling services and training services. Towards this goal for the healthcare sector, as set out in the Budget, a sum of INR 88,956,00,00,000 (Indian Rupees eighty eight thousand nine hundred fifty six crore) has been allocated to health expenditure.
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