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- ❤️🩹 India’s fight for good healthcare
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- Ruchirr Sharma & Shatakshi Sharmaa
TABLE OF CONTENTS
🗞️ Bite-sized summaries
🧑🍳 What else is cookin’?
🍿 Entertainment, Entertainment, Entertainment
MARKETS
🇮🇳 India
indicates per gram rate in Delhi | Stock data as of market close 25/02/2025
Indian markets were closed on the occasion of Maha Shivratri.
🌍️ International
Stock data as of market close 26/02/2025
The US stock market displayed mixed results, reflecting investor caution. The Dow Jones dipped 0.43%, while the S&P 500 remained flat and Nasdaq rose 0.26%. This divergence stemmed from conflicting economic signals: strong consumer spending data boosted optimism, but persistent inflation fears and geopolitical tensions in the Middle East tempered enthusiasm. Tech stocks outperformed, buoyed by AI advancements, while energy sectors lagged due to oil price fluctuations.
HEALTHCARE
Source: Economic Times
India has reaffirmed its commitment to addressing global healthcare challenges, with a particular focus on collaboration and innovation. Piyush Goyal, the Union Commerce Minister, emphasised India’s role in working with international stakeholders to overcome critical healthcare issues, including pandemics and the growing need for digital healthcare solutions. He highlighted that under the leadership of Prime Minister Narendra Modi, India has made significant strides in transforming its healthcare sector.
A key component of this transformation is India’s focus on making healthcare more affordable and accessible. Through initiatives like the Production Linked Incentive (PLI) schemes, India is boosting the domestic manufacturing of medical products, including medicines and vaccines.
India is also shifting its healthcare model from a focus on volume to one on value. While the country has long been known for producing large quantities of low-cost drugs, there is now a concerted effort to prioritise high-value biopharmaceuticals, research, and development.
Furthermore, Goyal pointed out India’s rising capabilities in biopharma and research. The country's emphasis on sustainable healthcare development is also evident in its efforts to build digital health infrastructure, improve healthcare systems, and foster greater international collaboration.
Overall: India’s approach demonstrates its potential to lead in global healthcare and its readiness to collaborate for a healthier, more sustainable future.
Read more: Economic Times
GENERAL OVERVIEW
🗞️ Bite-sized summaries
Source: MarketScreener
💉 Merck expands in India - Merck plans to double its workforce in India over the next couple of years. Currently employing about 2,700 people, the expansion focuses on hiring "digital innovators" to streamline drug development and delivery. A new technology center in Hyderabad supports this growth. Executive Vice President Dave Williams emphasised technology's role in speeding up treatment delivery. Merck's expansion underscores India's role as a key player in the global pharmaceutical industry.
🪞 Indian and US economy mirror each other - Both India and the US are witnessing high consumption levels, driven largely by the top 10% of earners. In India, affluent consumers are fueling economic growth by spending on high-end goods, despite inflation. Similarly, the wealthy in the US are sustaining economic activity. The rise in income disparities in both countries has led to significant consumption patterns, with the affluent increasing their spending substantially more than the general population. India’s consumption growth is among the highest, although it is primarily driven by the wealthiest consumers, highlighting a deepening gap in economic inequality.
HEADLINES
🧑🍳 What else is cookin’?
What’s happening in India (and around the world 🌍️)
Cred only hires employees with credit scores above 750.
Nvidia’s AI boom brings riches to partners like Dell, at a cost.
Swiggy Instamart drops non-veg food items from app on Maha Shivratri; users react on social media.
IndiGo faces fine related to input tax credit; evaluates legal recourse.
CULTURE
🍿 Entertainment, Entertainment, Entertainment
Source: Backstage
Tom Hardy confronts his past in trailer for Netflix crime thriller Havoc.
Blake Lively, Anna Kendrick face off in Another Simple Favor trailer.
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