Investors so far in 2024, as geopolitical tensions, indications of rate cuts by global central banks, and General elections in India sparked rallies in these metals. Here’s a look at the numbers:
MORE THAN 17.6 MILLION PEOPLE JOINED THE WORKFORCE IN FY24—THE HIGHEST SINCE FY17. OF THEM, 16.1 MILLION JOINED THE SERVICES SECTOR, THE BIGGEST EMPLOYMENT PROVIDER, MAKING UP 39% OF THE TOTAL JOBS. HERE’S WHAT THE NUMBERS SHOW
COMMERCIAL VEHICLE SALES (EX-SHOWROOM) WENT UP BY 26.7% IN FY24 AFTER GROWING 55.7% IN FY23, WITH REGISTRATIONS SETTING A NEW ALL-TIME HIGH OF 2.5 MILLION. WITH PREDICTION OF AN ABOVE NORMAL
MONSOON, SALES ARE EXPECTED TO ZOOM AHEAD
BRENT CRUDE, WHICH SURPASSED $90/BBL IN APRIL FOR THE FIRST TIME IN SIX MONTHS, MAY RALLY FURTHER DUE TO IRAN-ISRAEL TENSIONS. THIS COULD LEAD TO HIGHER INFLATION IN INDIA AND WIDEN THE TRADE DEFICIT. A LOOK AT THE NUMBERS
A MAJOR IMPROVEMENT IN AVERAGE TURNAROUND TIME AND A GROWING ECONOMY HAVE PROPELLED CARGO TRAFFIC AT INDIAN PORTS TO AN ALL-TIME HIGH OF 744.7 MILLION TONNES IN FY24 (TILL FEBRUARY). HERE’S THE STORY THROUGH NUMBERS
POWER DEMAND IS EXPECTED TO RISE THIS SUMMER. TO MAKE MATTERS WORSE, THE WEATHER DEPARTMENT SAYS THAT THE HEAT WAVE COULD BECOME ACUTE THIS YEAR. HERE’S THE STORY IN NUMBERS
THE LAUNCH OF DEDICATED FREIGHT CORRIDORS IN MARCH IS EXPECTED TO SPEED UP FREIGHT MOVEMENT
AND REDUCE TURNAROUND TIME IN THE COUNTRY. A LOOK AT THE DATA
TOUTED AS INDIA’S LONGEST SEA BRIDGE, THE 21.8 KM SIX-LANE MUMBAI TRANS HARBOUR LINK, ONCE OPENED, WILL CONNECT MUMBAI WITH SATELLITE CITY NAVI MUMBAI, AND FOSTER BUSINESS AND ECONOMIC GROWTH IN INDIA’S FINANCIAL HUB
THE OVERWHELMING RESPONSE RECEIVED BY THE IREDA IPO HAS AGAIN PUT THE SPOTLIGHT ON THE RENEWABLE ENERGY SECTOR IN INDIA, THE WORLD’S THIRD-LARGEST PRODUCER OF ENERGY. HERE IS WHAT THE NUMBERS SAY:
DESPITE GEOPOLITICAL CONCERNS, VOLATILITY IN COMMODITY PRICES AND A WEAK CURRENCY, INDIAN STOCK MARKETS HAVE WITNESSED SPECTACULAR FIREWORKS IN SAMVAT 2079. SINCE DIWALI 2022, THE BSE SENSEX HAS SURGED 9 PER CENT
THE UPCOMING WEDDING SEASON FROM NOVEMBER 23 TO DECEMBER 15 WILL SEE AROUND 3.5 MILLION NUPTIALS, AGAINST 3.2 MILLION LAST YEAR. HERE’S HOW MUCH BUSINESS WEDDINGS WILL GENERATE THIS SEASON:
INDIA’S 100-MEDAL HAUL AT THE ASIAN GAMES AND THE ONGOING CRICKET WORLD CUP ARE EXPECTED TO BOOST THE COUNTRY’S SPORTS EQUIPMENT MARKET. HERE’S WHAT THE DATA SHOWS:
THE UPCOMING FESTIVE SEASON, WHICH COINCIDES WITH THE ICC CRICKET WORLD CUP 2023, IS EXPECTED TO KEEP INDIA INC. BUSY IN THE THIRD QUARTER, OFFERING GOOD BUSINESS OPPORTUNITIES
THE FESTIVE SEASON HAS COME EARLY FOR THE FILM INDUSTRY WITH MASSIVE GROSS BOX-OFFICE COLLECTIONS OF OVER RS 1,500 CRORE SINCE AUGUST. A LOOK AT THE DATA REVEALS THE FOLLOWING
AFTER INCREASING BY RS 18.2 LAKH CRORE TO AN ALL-TIME HIGH IN FY23, NON-FOOD CREDIT CONTINUED TO EXPAND IN THE FIRST QUARTER OF FY24, THANKS TO DEMAND FROM THE SERVICES SECTOR. HERE’S WHAT THE DATA INDICATES
GUJARAT’S GIFT CITY IS WORKING TOWARDS BECOMING A GLOBAL FINANCIAL HUB LIKE DUBAI AND SINGAPORE. RECENTLY, IT HOSTED A G20 MEETING. IT HAS ALSO ALLOWED DIRECT LISTING OF DOMESTIC FIRMS AND RELAUNCHED SGX NIFTY AS GIFT NIFTY
THE RECENT SOFTENING OF GLOBAL CRUDE OIL PRICES IS EXPECTED TO NARROW INDIA’S TRADE DEFICIT, OF WHICH OIL ACCOUNTED FOR 42.5 PER CENT (OR RS 9 LAKH CRORE) IN FY23. A LOOK AT THE KEY NUMBERS
AS CLIMATE CHANGE COMES TO A HEAD, ITS EFFECTS ARE GETTING MORE PRONOUNCED. CYCLONE BIPARJOY, THE LATEST EXTREME WEATHER EVENT WITNESSED BY INDIA IN JUNE, WREAKED HAVOC ON THE WESTERN COAST
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