Data discoveries of the week, presented in charts. This week we look at interesting data about India’s tax collection, digital transactions in India, IMF’s global growth projection, global crude oil consumption, global & Indian economy, revenue collection, recession & more.
1. A look at ?? India’s direct and indirect tax collections from 2011-12.
In FY 2022-23, India ?? got ~54% of its tax revenues from indirect taxes. We take a look at the collections of direct and indirect tax revenues from 2011-12 ?#ChartOfTheDay #IncomeTaxFiling pic.twitter.com/krq0glCNRs
— Kuvera (@Kuvera_In) July 31, 2023
2. How does your city fare in digital transactions?
In 2022, India processed a whooping 87.92 billion digital transactions worth INR 149.5 trillion. Here are the top digitally transacting cities in India???#ChartOfTheDay #DigitalTransaction pic.twitter.com/CCEdWp3LO6
— Kuvera (@Kuvera_In) August 2, 2023
3. Top 10 most valuable companies in India according to Brand Finance India 100 2023 report.
As per a new report by @BrandFinance, the collective value of India's 100 most valuable brands is ~$2 trillion. Here are the top 10?? pic.twitter.com/PyAhx6obUt
— Kuvera (@Kuvera_In) August 3, 2023
4. IMF’s revised global growth projection for 2023
As per IMF's July 2023 World Economic Outlook, the baseline forecast predicts a decline in global growth from 3.5% in 22' to 3.0% in both 23' & 24'.
India leads the country-wise growth projection of large countries.#ChartOfTheDay pic.twitter.com/MnDRjbrdPZ— Kuvera (@Kuvera_In) August 4, 2023
5. India’s cost of direct tax collection is falling ?
The cost of direct tax collection fell to a 20y low at just 0.53% of ₹14.12 trillion total receipts in FY22. This is due to the improvements like the e-filing portal revamp & tech-powered tracking of potential tax liabilities among non-filers. ? ??#ChartOfTheDay… pic.twitter.com/DDgkKFcqNE
— Kuvera (@Kuvera_In) July 30, 2023
6. India has the second-largest number of agricultural workers in the world.
Ranked: Number of Agricultural Workers by Country ?
This piece by Airi (Iris) Ryu is part of Visual Capitalist’s Creator Program, featuring work from the world’s top data-driven talent ✅https://t.co/rjgP1TdgTA pic.twitter.com/yUBuAzIOQX
— Visual Capitalist (@VisualCap) August 4, 2023
7. Passport power ? The Henley Passport Index for 2023
Henley Passport Index for 2023 is out. ?While one Asia country still takes the No. 1 position, many European countries have risen to the occasion?.
??Singapore has topped the list?, beating the five-time winner Japan??!
How powerful your passport is?#travel #passports… pic.twitter.com/labBdMgWrn
— Genuine Impact (@genuine_impact) August 4, 2023
8. How AI is surpassing humans in a range of tasks.
I can't stop staring at this chart
People have no idea how wild it's about to get https://t.co/vV6ZCL8AbT pic.twitter.com/YlFQ3dIbkE
— AI Notkilleveryoneism Memes (@AISafetyMemes) August 3, 2023
9. The international destinations Indians are travelling to ?✈️
When it comes to wanderlust, social media feeds don't lie.
Indian tourist arrivals to Vietnam, Maldives, and Turkey have increased sharply since 2019.@nandita_venky pores over data from several countries' tourism ministries: #MintPlainFacts https://t.co/P2TXqAEuRB pic.twitter.com/I6sXijB06u
— Tanay Sukumar (@TanaySukumar) August 2, 2023
10. Value of deposits that lie unclaimed in Indian banks.
Unclaimed Deposits in India’s Selected Banks:
? Punjab National Bank: 4.9K Cr
? SBI: 4.02K Cr
? Bank of Baroda: 3.3K Cr
? Canara Bank: 3.1K Cr@datta_arvind pic.twitter.com/DR3xD3Dsnj— FinMedium.com – Investing Made Easy (@FinMedium) August 2, 2023
11. Coal & Oil are India’s top energy sources, here’s how the rest of the world depends on fossil fuels ?️?
Which Countries Are Most Reliant on Coal? ?https://t.co/1BJjfjjcOt pic.twitter.com/mF6LSFg4us
— Elements (@VCElements) July 28, 2023
12. A cautionary note: India’s diabetic population ??
Yes. It would depend on the HbA1c results. Term insurance companies can decide to apply loading, or deny cover too.
Here's what people who have been denied can explore: https://t.co/4odz5jvV1a
— Mahavir Chopra / Beshak.org (@themahavir) August 3, 2023
13. Foreign Portfolio Investors back to buying with vengeance in India.
Foreign investors go bonkers, putting in 157,000 cr. in the last five months. After a long period of mostly selling, they're back big time: pic.twitter.com/Ha6426YQOP
— Deepak Shenoy (@deepakshenoy) July 31, 2023
14. The difference between Technology and Commodity sectors.
'One of the key reasons commodity prices surged so sharply following the pandemic-stimulus demand-shock was the dearth in commodity capex. Underinvestment in supply remains a critical issue.' https://t.co/FYvFRvj0vd by @topdowncharts pic.twitter.com/ksEOIPxN3E
— Jesse Felder (@jessefelder) July 31, 2023
15. What will happen with the Fed rates? Here are the market expectations ?
Current market expectations for path of the Fed Funds Rate…
-Sep 20, 2023: Pause
-Nov 1, 2023: Pause
-Dec 13, 2023: Pause
-Jan 31, 2024: Pause
-Mar 20, 2024: Pause
-May 1, 2024: 25 bps cut to 5.00-5.25%
-Additional cuts to 4.18% by Jan 2025 pic.twitter.com/ooMaQQqDWX— Charlie Bilello (@charliebilello) July 31, 2023
16. Who’s putting money in Indian equities ?
Estimated structural flows in equity ~$30 Bn annually.
Retail through MF alone is 60%.This no will be $50 billion as we approach $5 trillion milestone as an economy. While we need FPI flows , our dependence will keep reducing! pic.twitter.com/l5pYofUQEp
— Gurmeet Chadha (@connectgurmeet) August 1, 2023
17. PMI in almost all of central Europe is under stress, especially Germany ?? and Austria ??
Lots of "Sick Man of Europe" headlines about Germany, but that really isn't the story. Manufacturing PMIs in Germany and Austria are equally weak. Putin's energy shock is hitting manufacturing across all of central Europe. This weakness will inevitably engulf Italy and Spain… pic.twitter.com/vnjmHTa9bi
— Robin Brooks (@RobinBrooksIIF) August 1, 2023
18. The story of Greece’s current account deficit since 1999.
G7 cap & Greece
1. Greece falsified data to join Euro
2. It then had a big consumption boom
3. Causing huge current account deficits
4. Greece got a bailout on its debt run-up
5. Greek oligarchs now oppose a lower cap
6. They sell old oil tankers to Putin
7. The EU can stop this pic.twitter.com/zWyJC9fzMu— Robin Brooks (@RobinBrooksIIF) July 31, 2023
19. The state and outlook on India’s financial services sector via #StanChart report ?
The Indian market displays robust indicators, fueling the growing trend in trust. According to the #StanChart report, domestic investors emerge as the major force propelling this momentum as reflected in past with ‘Domestic Institutional Investment’ from below 22% in Dec-14 to… pic.twitter.com/UQqQeWmLwS
— NITI Aayog (@NITIAayog) August 3, 2023
20. Why did Fitch downgrade the U.S. credit rating from AAA to AA+?
Here is a chart that explains why Fitch downgraded the U.S. credit rating from AAA to AA+. The top shows U.S. debt as a % of GDP which is projected to rise to 118% by 2025. The bottom shows the steep rise in interest payment expense. pic.twitter.com/IFn8qjemOG
— Barchart (@Barchart) August 4, 2023
21. Brazil ?? cornered 42% of the $225B of FDI in Latin America in 2022. A look at country-wise share.
Ever wondered where the colossal $225B of FDI went in Latin America last year? Let's unveil the details ?:
Foreign direct investment (FDI) is when an investor based in one country purchases – and manages – an asset in another country. It can include mergers and acquisitions and… pic.twitter.com/BsJYcRH2S9
— Latinometrics ? (@LatamData) July 28, 2023
22. Also, here’s the comparison between manufacturing PMI for US and the Eurozone.
Difference between the US (lhs) and Euro zone (rhs) is that US manufacturing PMI (blue) has stabilized, while it continues falling sharply for the Euro zone. Services PMI (red) has been more resilient in both places, but that's now showing more weakness in the Euro zone too… pic.twitter.com/Jdq1pk8R18
— Robin Brooks (@RobinBrooksIIF) July 25, 2023
23. Nasdaq Composite vs the Dow Jones Industrial Average.
The Nasdaq Comp is outperforming the Dow by more than 30 percentage points this year–the widest margin on record in data going back to 1971https://t.co/OSge260i3P @WSJmarkets pic.twitter.com/LOiPck0Mip
— Gunjan Banerji (@GunjanJS) July 31, 2023
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