Budget 2015: Healthcare industry seeks profit linked incentives, With the Union Budget 2015 to be announced tomorrow, there is a flurry of expectations from the Finance Minister to announce incentives in various fields. The healthcare and life sciences sector is one such.
It is fairly well established that a holistic approach is needed to improve and expand the state of healthcare and life sciences in India specially as the industry is expanding at a rapid pace.
India’s pharmaceutical sales were an estimated $18.3 billion and the estimated healthcare expenditure were $96.3 billion in 2013. Government spending on healthcare in India was an estimated 5 percent of the gross domestic product (GDP) in 2013 and is expected to remain at that level through 2016 .
In terms of spend; Asia is the largest of the global spenders on R&D followed by America and Europe. A snapshot of the R&D spends is provided below :..Read More
It is fairly well established that a holistic approach is needed to improve and expand the state of healthcare and life sciences in India specially as the industry is expanding at a rapid pace.
India’s pharmaceutical sales were an estimated $18.3 billion and the estimated healthcare expenditure were $96.3 billion in 2013. Government spending on healthcare in India was an estimated 5 percent of the gross domestic product (GDP) in 2013 and is expected to remain at that level through 2016 .
In terms of spend; Asia is the largest of the global spenders on R&D followed by America and Europe. A snapshot of the R&D spends is provided below :..Read More
