Health sector budget increased by 138%! India's health market is expected to grow

On February 1, 2020, India's 2021 fiscal budget was officially announced. The announcement was presided over by Indian Finance Minister Nirmala Sitharaman . Starting from February 1, fiscal budgets related to various aspects of India's national economy and people's livelihood will be announced one after another.

According to Indian media reports, in the fiscal budget announced today, the Indian government's budget investment in the field of health and well-being has increased by 138% compared with before , and most of the budget will be used to prevent and control the new crown epidemic and build India's domestic public health system.

The new coronavirus is an important reason that prompted the Indian government to pay attention to the public health and health of its citizens. India has always left its national health and public health unattended, and the relevant public health construction and health systems are not mature and perfect. This has also led to the new coronavirus raging in India. The number of infected cases has continued to soar and exceeded 10 million, and the number of deaths has ranked third in the world.

The 2021 budget investment reflects the Indian government's determination to reform the public health and national health systems. The government will also introduce a series of supporting policies in the future. Health and hygiene will become an important topic in India in 2021, and health-related markets may usher in growth.

The Indian government is rectifying health and sanitation, and the medical and health system will become the focus of rectification. A number of backward, obsolete or substandard medical devices and equipment may be eliminated in large quantities, so the demand for new and advanced medical equipment will increase significantly. Sellers who make related products can focus on the Indian market.

In terms of hygiene, the government's rectification will change the overall domestic environment in India. The hygiene awareness of the Indian people will be greatly enhanced, and they will pay more attention to hygiene and cleanliness. Therefore, products related to household cleaning and personal care will continue to maintain steady growth.

In terms of health, sports, as one of the important factors affecting health, will be more valued by the Indian people. Therefore, sports-related clothing, sports and fitness equipment, etc. also have great development prospects. In addition, healthy tea and green food are becoming more and more popular, and the market potential is unlimited.

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