Live Updates: Healthcare, Fintech, Agritech, Green Energy and other sectoral expectations
Budget 2024 Expectations Live Updates: Amit Chhabra, CBO, general insurance, Policybazaar.com, said, “The health insurance industry is advocating for tax reforms to encourage innovation and adapt to evolving trends. A key proposal is to increase the tax deduction limit for health insurance premiums, specifically raising the limit to Rs. 50,000 for individuals, their spouses, and dependent children, and increasing the limit to Rs. 1 lakh for senior citizen parents. Additionally, the industry is pushing for tax exemptions on Health Savings Accounts (HSAs). This reform would enable individuals to allocate more resources towards future healthcare expenses, promoting a proactive approach to health and wellness planning."
Budget 2024 Expectations Live Updates: Suchita Vishnoi, co-founder & CMO at GatewAI, said
“As India gears up for the upcoming budget, the tech industry anticipates a transformative phase that could set new benchmarks for innovation and growth. Expectations are high for increased allocations towards digital infrastructure, artificial intelligence, and cybersecurity, aiming to bolster India's position as a global tech hub. Industry leaders are hopeful for incentives to spur investments in startups and emerging technologies, furthering the vision of a digitally empowered society. Streamlined regulatory frameworks and policies promoting ease of doing business are anticipated to foster a thriving entrepreneurial ecosystem, driving sustainable growth and business innovation."
