Cut in welfare expenditure to lift stocks of private hospitals: Hemindra Hazari

In a chat with ET Now, market expert Hemindra Hazari shares his view on hospital stocks.

ET Now: Share with us your views on hospital stocks. Of late, they have been very active.

Hemindra Hazari: The government is neglecting the health space, if you see the kind of social expenditure.

ET Now: Do you think so?



Hemindra Hazari: Yes. If you see the major cut in welfare expenditure both in FY14 and FY15, it just shows how the government is really ignoring it.

As a result, it is forcing a lot of entities in India and patients to go into the private sector because the private sector is the one which is really investing in the health space. Since, the government is withdrawing from this space, stocks of some of the private sector hospitals should do well.