The latest set of "Big Bang Numbers" relating to the Indian economy were released on Tuesday by Prime Minister Narendra Modi through the Bi-Weekly Bharat newsletter for July 15-31 available on the Namo app.
Now, some of the riveting developments taken up in this fortnightly newsletter are:
India's market capitalization touched its all-time high of $5.5 trillion. The world's highest tunnel at Shinkun La, located on the border between Ladakh and Himachal Pradesh, was also inaugurated by PM.
Other notable updates have been:
MSMEs have created over 20.5 million jobs in the last four years. Percentage of women enterprises has risen to 39%.
There are about 140,000 recognized startups in India, generating 1.55 million jobs.
• 35% increase in jobs in the last six fiscal years to 643.3 million in India.
• Jobs in the manufacturing sector increased by 8.5 million from FY18 to FY23.
Exports increased 5.5% to $21.2 billion, which aided in creating a trade surplus of $300 million. Exports are likely to cross $800 billion this fiscal. Electronics goods exports increased 16.9% to $2.82 billion in June.
In Q1 of 2024-25, the exports of Apple iPhones touched $3.8 billion, thereby contributing 79 per cent to the country's FOB value.
The trade deficit shrunk to $20.98 bln in Jun from $23.78 bln in May.
Outward FDI commitments surged to $2.14 bln in Jun 2024 from $1.14 bln in Jun 2023.
Indian companies raised ₹ 32,619 cr via overseas bonds in 2024, and foreign portfolio investors infused ₹ 30,772 cr into Indian markets.
The card payments market of India is likely to register a growth of 11.3 percent in 2024 to ₹28.4 tr .
6,667 leasing deals were completed in India by GCCs, marking an increase of 16%.
Approx. 60 million ITRs filed for FY24, 70% under the new tax regime.
Domestic air passenger traffic increased 5.76 per cent to 13.2 million in June from 12.4 million in the same month last year.
The same grew 9 per cent during Q1 FY25 to 6.2 million units from 5.7 million units in Q1 FY24.
Company-wise performance: Porsche India registered a 40 percent increase in the first half of the calendar year. BMW India has never witnessed sales like this from 2018-2023. The company sold 7,098 cars, 3,614 bikes, and 2,000 electric vehicles.
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