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The Economic Times

Economy / The Economic Times

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GST refund stress: MedTech sector flags cash crunch, seeks relief

India's medical device sector is facing severe financial strain, prompting an urgent plea to the government for expedited GST refund processing. Delays in refunds from last year's rate reduction, coupled with rising input costs due to the West Asia conflict, have created significant working capital distress.

24 Mar 2026 12:15 am