Budget 2022 Expectations: Consider a REITs in healthcare to augment health infrastructure, says HDFC Bank report

Union Budget 2022: Countdown to the Union Budget 2022 has begun with less than three weeks left before the budget is presented by Finance Minister Nirmala Sitharaman on 1 February 2022. Expectations from all quarters have started pouring in now. In the same breadth, HDFC Bank has listed some of the key expectations from various sectors in its report titled 'Fiscal Balance and Budget Expectations'.

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While talking about healthcare sector, in the Fiscal Balance and Budget Expectations report, HDFC Bank says:

1) "The budget might also consider a REITs in healthcare to augment health infrastructure."

2) "Exporters have been plagued by the high cost of containers that has arisen from supply bottlenecks. The budget could consider a temporary sea freight subsidy to ensure cost competitiveness."

3) "COVID has underscored the need for indigenous research and development capacity in medicine and pharmaceuticals. However, this extends to other sectors also in the interest of both self-reliance and competitiveness."

The Fiscal Balance and Budget Expectations report, HDFC Bank further states:

1) Changes in REITs and InvstITs taxation specifically with the objective of bringing long term capital gains treatment at par with other asset classes could also find a mention in the budget.

Budget 2022

In this context, it must be pointed out that in the previous budget, the main focus of the government was on health and rural infrastructure development. This year, the Omicron variant of COVID-19 has raised concerns amid the economic recovery in the economy.

-The Union Budget 2022-23 is likely to be tabled on February 1, 2022 by Union Finance Minister Nirmala Sitharaman.

-This is the 4th Budget of the PM Narendra Modi-led NDA government in its second tenure.

-The Budget 2022 will be presented around 11 am on 1st February 2022.