View on Healthcare -"The experiences of Covid-19 have delineated the importance for emerging economies to invest in healthcare infrastructure at all levels – primary, secondary and tertiary. The budgetary announcements of the outlay of INR 64,180 crore under the Aatmanirbhar Swastha Bharat Yojana have hit the bulls eye in this area. The approach followed by the Indian government is a marked departure from existing practices of reduction of out-of-pocket expenditure of the citizens." - Sidharrth Shankar, Partner, JSA
Quote on Fintech - "Roadmap for revival of the economy from the pandemic laden year of 2020-21 has been dealt holistically by Budget 2021-22. The 2-step, short-term – long-term revival approach, countering the healthcare concerns and simultaneously concretizing the self-reliant India goal is a welcomed note in the 3rd Sitharaman budget. The Sunrise 'Fintech' Sector has garnered heightened reliance by the industries and consumers alike. While the 'FinTech' tab on the main page of RBI was a move towards recognizing the importance of the new-age sector – the announcement of developing a Fin-Tech hub will give the fintech players an added participating impetus. Adding to the impetus is the INR 1,500 crore allocation to give a push to the developing digital payments infrastructure. The regulatory sandbox incentives coupled with the promising tone of the budget towards the sunrise sector shows a lot of scope for India to become a major player in the fintech industry over the globe." -Sidharrth Shankar, Partner, JSA
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