Statistically Speaking

Agri, services grab bigger pie of loans, bank credit grows 16.3% in March 2024

Bank credit growth to agriculture and services sector at more than 20 per cent year-on-year, in March 2024, surpassed loans to industry which grew by 8.5 per cent yoy in the month under observation. On a yoy basis, non-food bank credit registered a growth of 16.3 per cent in March

April GST collection surges to Rs 2.10 lakh crore

Underscoring the robust health of the Indian economy, gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore, representing a significant 12.4 per cent year-on-year growth. The surge was driven by a strong increase in domestic transactions which registered 13.4 per

Global gold demand stays strong, supports record-high prices

Global gold demand was up 3 per cent year-on-year at 1,238 tonne in the first quarter of 2024, marking the strongest first quarter since 2016, according to World Gold Council’s Gold Demand Trends report. The demand for the yellow metal, excluding over-the-counter sales, fell 5 per cent to 1,102 tonne

No significant impact of election on equity market says Fidel Folio

Expects Nifty 50 to reach the range of 30,000-35,000 points in the next three years. According to an analysis by FidelFolio, the current general election and its outcome would not have any major long-term effect on the equity markets. Apart from few exceptions, the Nifty Indices have often demonstrated an

Inheritance Tax decoded for you

In 2011, during a Planning Commission meeting, the then Home Minister P Chidambaram had batted for higher taxes on luxury products and re-imposing inheritance tax. An inheritance tax is a tax imposed by some states on the recipients of inherited assets. In contrast to an estate tax, an inheritance tax

‘Foreign investment no longer aligned with GDP growth’

A significant shift has taken place in the global economy with the growth of foreign direct investment (FDI) and global value chains (GVCs) no longer aligned with GDP and trade growth and even amidst rising trade tensions, global GDP and trade, since 2010, have continued to expand at an annual

Surge in housing launches across India

The first quarter of 2024 witnessed a decent increase in new housing launches across the top 7 cities in India, according to a report by Anarock, a leading real estate services company. A total of approx. 1,10,900 residential units were launched, representing a year-over-year growth of 1% compared to Q1

Some interesting pieces of statistics on 1957 LS polls

A snapshot of second general election in Independent India

BJP’s ascent and Cong’s downfall over the years

Number of Internet subscribers increases to 936.16 million

Auguring well for the Government’s digital mission, India’s total number of Internet subscribers increased from 918.19 million at the end of September 2023 to 936.16 million at the end of December 23, registering a quarterly rate of growth 1.96 per cent. Out of the 936.16 million Internet subscribers, the number

Global growth at 2.6%, India’s strong public investment outlays, services beneficial

India was one of the ‘large economies — apart from China, Indonesia, the Russian Federation, the United States, among others – which escaped the financial trouble that loomed earlier in the year 2023 – thus emerging as a stakeholder in the world economic growth of 2.7 per cent, just 0.2