India's expanding middle class is set to drive a decade-long period of growth within the region's healthcare sector, leading many emerging market managers to significantly increase their portfolio exposure.
The sector is expected to experience a boom as a growing percentage of the country's 1.25 billion population are able to start affording healthcare, as a result of steadily increasing GDP per capita. A recent KPMG report suggested India's healthcare sector could expect to see annual growth of 16%, reaching $280bn by 2020. This compares to just $73.9bn in 2011. Private funding Rob Marshall-Lee, manager of the £39.8m Newton Global Emerging Markets fund, highlights in particular the lack of government support for India's health sector, which he believes presents a "compelling opportuni...
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