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26 Oct, 5 tweets, 4 min read
#MintPlainFacts | India’s economy appears to have faced hiccups in its recovery trajectory in September as global supply constraints and an upbeat domestic mood resulted in divergent trends.

Read here: livemint.com/economy/indias… Image
#MintPremium | The deterioration was driven by the consumption segment, even as the ease of living segment remained worrisome. In August, the tracker had reported its best performance in five months, with just seven indicators in red.

livemint.com/economy/indias… Image
In a report on 21 October, credit rating agency #ICRA noted that India's recovery had continued into the September quarter as the second covid-19 wave subsided, but turned “multi-speed".

livemint.com/economy/indias… Image
Data from the Federation of Automobile Dealers Association (#FADA) shows vehicle registrations fell 5.3% year-on-year but the decline was a much sharper 7% (annualized) compared to September 2019.

livemint.com/economy/indias… Image
Domestic air travel continued its gradual uptick, rising 5.5% since August, but stayed significantly behind pre-pandemic levels. Revenge travel and increased public mobility could aid recovery in coming months.

livemint.com/economy/indias… Image

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More from @livemint

Mint Profile picture
28 Oct
#PersonalFinance | Without a proper plan in place, taking on debt at an early age can have a long-term impact on wealth creation

Without a proper plan in place, taking on debt at an early age can have a long-term impact on wealth creation Image
#PersonalFinance | Interest saving is higher in the earlier stages of the loan, so make pre-prepayments in first half of loan tenure

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#PersonalFinance | By setting loan repayment a goal, you can work backwards to find out how you should set up the corpus to payback

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Mint Profile picture
28 Oct
#MintPlainFacts | Here’s a look at five factors that make #COP26 an event to keep an eye on, for both India and the world—and how to understand India’s attempt to chalk out fresh targets in its fight against climate change

By @TauseefShahidi, @niti_kiran

livemint.com/news/india/cop… Image
#MintPlainFacts | India itself has seen a 0.7°C increase in its surface air temperature during the last 120 years, a report by the ministry of earth sciences found in March.

By @TauseefShahidi, @niti_kiran

livemint.com/news/india/cop… Image
#MintPlainFacts | The US, the EU and Japan see that year by 2050, and China by 2060.

But India is yet to declare a target, despite being the fourth largest emitter. This puts it under the spotlight ahead of COP26...

By @TauseefShahidi, @niti_kiran

livemint.com/news/india/cop… Image
Read 6 tweets
Mint Profile picture
27 Oct
#MintPlainFacts | Last week, the Congress pledged to field women in 40% of the seats in the upcoming Assembly elections in Uttar Pradesh. At the outset, it could be seen as a way to boost the dismal representation of women in Indian politics.

livemint.com/politics/news/… Image
In the 1980s and 1990s, the gap was still around 9-10%.

But in the 2014 Lok Sabha elections, male voter turnout exceeded the female turnout only marginally. By 2019, the gap had almost closed.

livemint.com/politics/news/… Image
This was not simply a national-level trend: women outnumbered men in voter turnout across most states.

In 2014, this was true for 12 of 29 states, but the trend reversed in 2019, with women voter turnout exceeding men’s in 16 states.

livemint.com/politics/news/… Image
Read 6 tweets
Mint Profile picture
19 Aug
#MintPlainFacts | After languishing in the bottom half of Mint’s emerging markets tracker over the past few months, India has now moved to the third position among the 10 largest emerging markets, outranking Asian peers

(By @TauseefShahidi)

Read here: livemint.com/economy/as-vir…
In May and June, as India struggled to contain the second wave, several Asian peers experienced a robust economic recovery on the back of a rebound in global trade.

#MintPlainFacts by @TauseefShahidi

Read here: livemint.com/economy/as-vir…
The key differentiator for India remains a low covid case count. It is the decline in caseloads & the opening up of the economy that have allowed manufacturing activity to roar back to life...

#MintPlainFacts by @TauseefShahidi

Read here: livemint.com/economy/as-vir…
Read 4 tweets
Mint Profile picture
18 Aug
#MintLongStory | The business climate has rapidly changed for major Chinese phone manufacturers in India. But they have a plan...

(By @Goutam20)

Read here: livemint.com/companies/news…
Indian consumers are lapping up Chinese phones at a furious pace. Many models get sold out within seconds of a sale being announced on either Amazon or Flipkart.

#MintLongStory by @Goutam20

livemint.com/companies/news…
“Approval for all new government incentive schemes for which Chinese companies had applied have been put on hold too," the “fallouts" document noted.

#MintLongStory by @Goutam20

livemint.com/companies/news…
Read 4 tweets
Mint Profile picture
18 Aug
#MintPlainFacts | The government presents a mixed card in the first quarter on the two cornerstones of its fiscal strategy. On revenue collection, it exceeded expectations. On capital expenditure, it’s below expectations

(By Rangoli Agrawal)

Read here: livemint.com/economy/centre…
The Union government is off to its best revenue collection drive in five years, with collections touching 28% of its budgeted revenues for fiscal year 2021-22 (FY22) in the first quarter (April-June) alone.

#MintPlainFacts by Rangoli Agrawal

Read here: livemint.com/economy/centre…
The Centre has done well in receipts, but not on capital spending. On 30 June, the Centre directed ministries, with some exceptions, to limit their spending in the second quarter to 20% of the full-year amount

#MintPlainFacts by Rangoli Agrawal

Read here:livemint.com/economy/centre…
Read 6 tweets

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