- Rising insurance coverage, spend on healthcare are key drivers
- Demand tailwind for local hospital chains to persist: WhiteOak
Rising incomes, a growing aging population and higher spend on healthcare are setting the stage for another stellar year for India’s hospitals stocks.
A gauge of nine hospitals compiled by Bloomberg outpaced the broader equity index with a 55% surge over the last 12 months. Analysts expect the momentum to continue as an expanding insurance coverage provides hospitals another impetus to expand in a country that has just 1.3 hospital beds per 1,000 people.
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