The direction that the government has taken is a positive step towards boosting the life sciences sector, Vijay Chawla, Partner & Head — Life Sciences and Head — Risk Advisory for KPMG in India.
Overall, the health budget forecast for 2022-23 is Rs 86,606 crore, a 16% increase above Rs 74,602 crore in 2021-222.
With the impending repo rate hikes, we expect the 10-year yield to harden to 7.0% within the next quarter
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