“The 157 new nursing colleges as part of medical colleges is a welcome move but not a needle mover. At the same time, the budget was highly anticipated and not too optimistic. Even the budget allocation for the healthcare service providers could have been better. Moreover, some long pending infrastructure status has not been given, indicating a clear oversight. On the other side, the health ministry has been allocated INR 89,155 CR, thereby indicating a nominal rise of 12% over the FY23 allocation. Further adjusting this for inflation is not a promising growth on health allocation. To compare, BRICS, excluding India, spend about 6.7% of GDP on healthcare while India spends less than 2%.”
– Mr. Vikram Vuppala, CEO and Founder, NephroPlus
