The Union Budget is “stable” and puts money in the hands of individuals and States, according to Sangita Reddy, Joint Managing Director, Apollo Hospitals.

“While we were expecting higher allocations for the health sector, the Finance Minister has linked financial inclusion (Jan Dhan Yojna), social security and health insurance agendas, and provided a holistic roadmap for greater access for all in the future,” she said in a statement.

The health exemptions provided for all and, in particular, for the elderly, a major positive, Sangita Reddy said.

The five new AIIMS will both increase access to health facilities in those States and provide a training ground for medical professionals, she added. “The roadmap provided for reduction of corporate tax from 30 to 25 per cent is a positive and shows that the government will remain committed to creating a positive business environment,’’ she said.

K Satish Reddy, Chairman of Dr Reddy’s Laboratories, said the Budget has set the stage for growth in the medium-to-long term.

“The Budget is a clear one, with a focused growth trajectory for the next three-four years, broadly in line with the expectations of India Inc.

The significant outlays on infrastructure of ₹70,000 crore and power projects that will provide a much-needed additional 4k MW, are steps in the right direction towards revitalising the investment climate in the economy,” he said.

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