Most market gurus are betting for channelizing the liquidity by India’s first female Finance minister in infrastructure and agriculture as the history has witnessed a favoritism by Finance ministry to former by giving priority to build next generation infrastructure to later by supporting Indian farmers for increasing the productivity of agriculture by introducing various subsidies on agriculture inputs and disbursing hard cash in the palms of Indian farmers through Pradhan Mantri Kisan Samman Nidhi (PMKISAN) scheme, which will provide a guaranteed income of INR 6,000 per year to small and marginal farmers and involves an annual outlay of INR 75,000 crore.
While no one is looking at the sinking health of the population in urban estate due to deteriorating environment and in rural areas where people have no easy access to healthcare systems and problem of water sanitation as 70% of the Indian population still lives in rural areas.
As Indian healthcare system requires high out of pocket expenditure and straight up cash arrangements roll in doctor’s appointment that put a lot of pressure on the monthly budget of the middle class and rural population of the economy. We expect from India’s Finance minister to come up with some schemes that will induce the Indian economy to buy health insurance for them and their family to sage guard themselves against various diseases as their cure could dampen their monthly budget.
As per the World Bank and National Commission's report on Macroeconomics, only 5% of Indians are covered by health insurance policies. Such kind of figure has resulted in an immature health insurance market. Some sort of contribution from government in availing health insurance and spending on various campaigns to aware the Indian economy about the benefits of availing health insurance policies could trigger the health insurance market and related stocks.