Budget to prioritise health investments
Why is it in news?
- The Finance Minister hinted that the Union Budget for 2021-22 would assign top billing to health sector concerns.
- Finance Minister was addressing the implications of the post-pandemic world for industry and the workforce.
Key notes of Finance Minister's speech:
- India would play a significant role in reviving the global economy and was ready to manufacture vaccines for the world.
- In 100 years of India, we haven’t seen a Budget being made post-pandemic like this.
- Government was taking all inputs received from health sector experts for the Budget seriously.
- The Budget will try to encourage investments in research and development in biotech and pharmaceuticals.