Data discoveries of the week, presented in charts. We look at data on India’s interim budget, the aviation infrastructure, Japanese interest in the Indian stock market, and more.
- Interim budget allocation across ministries.?
Here are the budget allocations for each ministry as per yesterday's Interim budget.
What were your expectations from this budget? #Budget2024 #ChartOfTheDay pic.twitter.com/TUbws0Xu1a
— Kuvera (@Kuvera_In) February 2, 2024
2. Digital payments have been through the roof in recent years?
India's non-cash retail transactions recorded a 4.4% MoM spike in Dec '23, reaching ₹68.9T.
2/3 of credit card spending is online, compared to 1/3 for debit cards.
75% online transactions use credit cards, offline ~50%.
Data courtesy: 1Lattice analysis#ChartOfTheDay pic.twitter.com/qSHCPeq9dg
— Kuvera (@Kuvera_In) February 1, 2024
3. The finance minister trimmed the fiscal deficit target for FY24 to 5.8 per cent of GDP in her recent budget.
The Govt. aims to narrow the fiscal deficit to 5.9% of the GDP in the current fiscal year. A LOOK AT India's fiscal deficit since 2014 to 2025 (projected). #UnionBudget pic.twitter.com/QtzL7Uj2PZ
— Kuvera (@Kuvera_In) January 31, 2024
4. Average flat sizes in top Indian cities up by 11% in 2023.
According to a report by @ANAROCK, Hyderabad had the largest avg. flat size in 2023 at 2,300 sq. ft., followed by NCR.
NCR saw the highest growth with a 37% increase in avg flat sizes.
Mumbai (MMR) & Kolkata saw declines of 5% & 2% respectively.#ChartOfTheDay #RealEstate pic.twitter.com/a9l6J1SjKJ
— Kuvera (@Kuvera_In) January 30, 2024
5. The Indian govt aims to add 100 more airports by 2024, here are the existing ones. ?
India's aviation sector is expanding rapidly, with infrastructure growing to meet the demand. On January 27, 2024, the DGCA approved four new AAI airports in UP & MP for operations.
Here's a breakdown of operational airports by state as of November 2023. ? #aviation pic.twitter.com/Or2aXJ0bXo
— Kuvera (@Kuvera_In) January 29, 2024
6. Japanese equities, represented in this graphic by the Nikkei 225, were one of the strongest performers of the year.
Ranked: Which Asset Class Logged the Biggest Return in 2023? ?
? Want more content like this, along with daily insights from the world’s top creators? See it first on the @VoronoiApp.https://t.co/sLZNLTUf7s pic.twitter.com/q1I3EicGsr
— Visual Capitalist (@VisualCap) February 2, 2024
7. SEBI recently issued the consultation paper to revise and revamp nomination facilities in the Indian Securities Market.
As per a very interesting Sebi report released today. A lot of families will suffer due to this mass opt outhttps://t.co/Vuisj6SxiU pic.twitter.com/YbZwCQaOAC
— Neil Borate (@ActusDei) February 2, 2024
8. According to the Global Carbon Atlas, the world’s top polluters are China, India, and the U.S., which accounted for 52% of the world’s CO₂ in 2021.
Visualizing All the World’s Carbon Emissions by Country ?https://t.co/pfNltUwo6G pic.twitter.com/SIXHPNVLem
— Visual Capitalist (@VisualCap) February 1, 2024
9. Tighter lending standards historically have reliably anticipated a rise in the unemployment rate since 1990. ?
Do not overlook this signal
Banks have rapidly tightened lending standards
Tighter lending standards have reliably anticipated a rise in the unemployment rate since 1990
This time is not different pic.twitter.com/KLtmM4dEBL
— Game of Trades (@GameofTrades_) February 2, 2024
10. India building the fastest since 2015, based on total Built-up Surface Area by Global Human Settlements data.
How fast is India building?
Fastest since 2015!
– Using Global Human Settlements data which measures the Total Built-up Surface Area. This is a great measure of economic activity & growing markets. #BuildInIndia #BuildForIndia #NewAgeData pic.twitter.com/j82GBLJIzC— Shamika Ravi (@ShamikaRavi) February 1, 2024
11. Japanese retail investors are showing increasing interest in Indian stocks.
Japan’s retail investors are pouring money into Indian stocks amid bets the nation will be the next China https://t.co/iaav27kriq pic.twitter.com/MFU0ZAhQGF
— Bloomberg (@business) February 2, 2024
12. India’s ~$575 billion budget at a glance.
Happy to the @FinMinIndia using an idea that @HT_Ed and I executed in Mint in the 2010 and 2011 budget! pic.twitter.com/5zY1dJk8M2
— Monika Halan ?? (@monikahalan) February 1, 2024
13. The plan to bring down India’s fiscal deficit.
How Budget plans to bring down fiscal deficit. For more please read CRISIL reporthttps://t.co/hK9UVXw688 pic.twitter.com/1HTBVG4ra6
— Dharmakirti Joshi (DK) (@EconomistDK) February 2, 2024
14. Historical rise in US credit card interest rates.
Rise in credit card interest rate is one for the history books
Rates have gone from 14.56% to 21.47% in just 2 years pic.twitter.com/mgefdBS9Gc
— Game of Trades (@GameofTrades_) January 29, 2024
15. S&P 500 is up 5000% + since 1970 in nominal terms. When adjusted for inflation, it is still up 500%.
The best equity market of the last 50+ years. pic.twitter.com/4AsYAWqri5
— Gaurav Rastogi (@rustapharian) February 2, 2024
16. In the US, this is probably one of the tightest markets in history. Just 26% of stocks are outperforming the index.??
Even if the broader market catches up to the mega caps, that doesn’t tell us whether they will outperform. We are living in one of the narrowest markets in history, with only 26% of stocks outperforming the index. The last time this happened (1998-2000) it all ended in tears… pic.twitter.com/J8UKBQgenV
— Jurrien Timmer (@TimmerFidelity) February 1, 2024
17. How high are the US stock market valuation currently??
Stock market valuations have entered the danger zone
This is the time to be cautious pic.twitter.com/dODZaBi3qn
— Game of Trades (@GameofTrades_) February 1, 2024
18. Long on Gold???
‘But #gold has no cash flows.’
‘But gold has no intrinsic value.’
‘But gold storage is expensive.’Gold is ‘hard money’ that has a weight of less than one percent (zero in most cases) in the ‘average’ investment portfolio! pic.twitter.com/7OKjs37bmE
— jeroen blokland (@jsblokland) February 1, 2024
19. Almost 90% of US HH debt is fixed-rate.?
“89% of US household debt is fixed rate (mortgage, student, and auto loans) and 11% is floating rate (credit cards, HELOC, and other types of debt). As a result, the transmission mechanism of monetary policy has been weak. Combined with significant excess savings during the… pic.twitter.com/WcSn8o3NGn
— Sam Ro ? (@SamRo) February 1, 2024
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