Budget 2013: Biz honchos’ expectations
Budget should focus on growth and put an end to uncertainty: Satish Reddy
Satish Reddy, the Managing Director of Dr Reddy’s Laboratories, hopes that the Budget would focus on overall growth and that it would benefit the Indian health sector too.
He said, “This is the time to focus on growth. Look at ways to boost growth, put an end to uncertainty, improve speed of decision-making and cut down delays. If the "animal spirits" of the industry are to operate there also has to be the right environment - with initiatives that build confidence.”
On the health sector in the country, he laid down few expectations.
“One, there could be a move towards reaching the goal of universal health coverage. Secondly, the Indian pharmaceutical industry needs measures that will encourage research and innovation. In the past, several funds have been announced for this, and it may be good to look at how they have performed. Take stock of that and come forward with some bold measures that encourage research and innovation. For instance, aggressively support and fund those taking up research and innovation in streams of medicine that could have a huge impact for the people in India,” he said.
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