Union Budget 2025: Pharma, healthcare sectors seek 3 per cent hike in budget allocation

Budget: The Indian pharmaceutical and healthcare industry seeks increased government support in the Union Budget 2025, including a 2.50-3% rise in healthcare budget allocation, re-introduction of weighted average tax benefits for R&D, and reduced GST on health insurance premiums. This support aims to enhance infrastructure and affordability, thus driving growth and innovation.

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