BUSINESS
Weekly Numerics | Investment project completions dip, internet freedom shrinks, but 5G adoption marches forward
India’s Internet Freedom Score for 2023 shows a decline from last year. However, 31 million users in the country are estimated to adopt 5G this year. Meanwhile, PM SVANidhi now covers 50 lakh street vendors.
BUSINESS
IPO fundraising dips 26% in H1 FY24, but retail investor confidence remains high, shows data
Of the 31 IPOs that hit the market in H1 FY24, as many as 21 were rolled out in August and September, according to data from PRIME Database
BUSINESS
Weekly Numerics | India’s population is ageing while its youth is finding it hard to get jobs
According to latest estimates, the number of elderly people in India will surpass that of that of the younger cohorts by 2046. Meanwhile, youth unemployment rate is on the rise in the country.
BUSINESS
Weekly Numerics | Platform workers struggle as expenses outpace income; high unemployment among educated youth; and more
Between 2019 and 2022, the average income of long-shift platform workers climbed by only 4.09 percent, while their overall expenses went up by 31.87 percent.
BUSINESS
Women remain a minority in fund management; industry apathetic
With just seven percent of its portfolio managers being female, India ranks 19th among the 24 financial destinations analysed for presence of women in fund management.
ECONOMY
Weekly Numerics | Fiscal deficit widens, talent scarcity hits India Inc., long timelines for debt recovery
Four out of five employers in India report facing difficulty in finding the talent they need. Meanwhile, 52 million additions were made to the payrolls over the past four years.
BUSINESS
Weekly Numerics | Never-ending wait for US Green Card applicants, rise of Pune real estate, and more
The backlog for the EB 2 and EB 3 category visa for new Indian applicants is longer than a life sentence. Meanwhile, demand for courses on Google Cloud and ChatGPT have surged among Indian employees.
BUSINESS
Weekly Numerics | The good and the bad: GDP has grown well, but the rains are playing truant
While GDP has grown better than expected, this was the driest August ever recorded. That does not augur well, unless the rain gods change their mind. India's real estate sector is on the rise, but the gender gap in its workforce persists.
BUSINESS
Weekly Numerics | ISRO’s shoestring budget, soaring price of onions, rise of the cashless, and more
A brand new series from Moneycontrol where we spotlight and decode noteworthy data trends from the week gone by
WORLD
By the numbers: How BRICS is charting a course beyond Western dominance
The share of the bloc in world GDP has been on the rise; it accounted for more than a quarter in 2022.
INDIA
Chandrayaan-3: How India’s Moon Mission with a modest budget stands apart
The Indian space agency is all set to land its probe, which was made at a fraction of the budget of recent Hollywood blockbusters, on the surface of the Moon, a task that has historically had a low success rate.
BUSINESS
India and Pakistan: How the two countries have fared since partition
While the two countries started out with nearly identical figures, India’s GDP per capita is nearly 50 percent more than that of Pakistan’s today.
BUSINESS
In Charts | The declining popularity of engineering courses
According to the World Economic Forum, only one in five engineering graduates from India are employable.
ENVIRONMENT
As AI becomes more pervasive, its environmental impact is on the rise
Estimates show that without significant interventions, AI models could consume more energy than the entire human workforce by 2025, considerably impacting global carbon reduction goals
INDIA
In Charts | Northeast India's education and employment woes amid unrest
Although education has been disrupted in Manipur due to the unrest, data shows that the state, and the northeast region in general, weren’t doing too well on that front even before the violence broke out
INDIA
Indian peacekeepers lead in fatalities as Blue Helmets turn 75
Majority of the UN peacekeepers are from low and middle income economies. Developed countries, including permanent members of the Security Council, lag far behind when it comes to contributing troops for peacekeeping.
POLITICS
In Charts | About half of turncoat MLAs face criminal charges, almost all are crorepatis
The BJP gained the most number of turncoat MLAs, with 42 percent of them joining the party
BUSINESS
In Charts | Sovereign gold bond subscriptions hit record high in the first tranche of FY24
The sale of gold bonds crossed Rs 4,604 crore during the tranche issue in June 2023, shows data from the RBI. This is the highest till date.
TRENDS
Population-Health Equation: Experts urge greater investment in primary care
As India surpasses China as the most populous country in the world, experts say that the allocation from the Government of India is considerably lower than the projected demand for the National Health Mission and that more decentralisation of primary healthcare is needed
INDIA
Suicides due to drug and alcohol addiction in India tripled since 2011
There is a very high risk of suicide among victims of substance abuse, says experts. And the number of NDPS (Narcotic Drugs and Psychotropic Substances) Act cases have gone up nearly 204 percent in the last decade.
INDIA
How big a role does the monsoon play in India’s agricultural production?
Although monsoon rainfall does play an important role in India’s kharif foodgrain production, data shows that it is not the only factor influencing the summer crop output.
INDIA
Majority of bills introduced in state assemblies were passed within a day in 2022, shows data
This is amid a 26-percent decline in average sitting days in state assemblies analysed between 2016 and 2022, according to data from PRS Legislative Research
INDIA
Train crashes in India fewer today, yet far higher than most nations: A look into the menace
Analysis of official records show that although the number of consequential train accidents have declined, the overall number of rail accidents in India remain high. And the Indian Railways have failed at meeting its own targets on safety expenditure and track inspections
BUSINESS
Rising share of non-fossil fuels to make power generation in India cleaner
Renewable energy sources will likely account for 64 percent of India’s installed capacity mix for power generation by FY30, according to official estimates.
