Certain interesting developments on the economy and business front is interesting. Honda introduced VRS for its Manesar plant which manufactures Unicorn, Activa and Shine Models in order to deal with the Covid strategy. It appears that two-wheeler sales in India dropped by about 25% Y-o-Y to 9.6% till November 2020. Private sector bringing in VRS is an interesting strategy. Will over private sector companies follow?
On another news, it appears that 75% of the elderly in India have some or the other chronic disease. Executive Summary of the Study (pdf) states:
"Overall in India, around three quarters of the elderly age 60 and above who were diagnosed with chronic conditions have been treated for hypertension (77%), chronic heart diseases (74%), diabetes mellitus (83%), chronic lung diseases (72%) and cancer (75%); more than half of elderly have been treated for stroke (58%) and bone/joint diseases (56%); whereas, the treatment rate for neurological & psychiatric diseases among the elderly is the lowest (41%). The treatment rate for all chronic health conditions is higher among the elderly in urban areas, those with higher education, and those in the richest MPCE quintile than their counterparts."
Most of these are stress related disorders. Stress is ruling the nation. What is the point in working so hard if one is not contended?
In a season of flus, Bird Flu has come back to haunt India, especially Haryana and Kerala, leading to ban for chicken from Southern States of India.
In another interesting news on the stock market, Foreign Portfolio Investors (FPI) contributed more than domestic institutional investors (DIIs) as anchor investors in IPOs in India for 2020. Very interesting. How does this compare to other countries? Or the previous year in India?
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