'I’d skip the bank': Aswath Damodaran drops a major clue on where the next boom is brewing

Valuation expert Aswath Damodaran believes India’s next big boom won’t come from tech or banks — but healthcare. In a recent podcast with ET BFSI, the NYU Stern professor outlined what sectors he’s betting on, what’s likely to explode in India, and why the future of banking as we know it could be in question. Advertisement

“Healthcare to me is what I would watch,” Damodaran said, pointing to rising incomes and a growing middle class as the catalysts. “As countries prosper… one of the items that people spend more on is healthcare. You visit the doctor more, you have MRIs and X-rays — things you’d never do if you didn’t have the money.”

He sees India as poised for a massive healthcare transformation — but not by mimicking Western models. “A truly India-centric healthcare business is what’