SiN #91 – $605,008,000,000
That is the size of Foreign Exchange Reserves India has as of June 2021. It is just enough to cover less than 15 months imports. On the other hand, China has the world’s biggest ForEx reserves at $3.22 Trillion, which…
The Snippets Journal
Insightful Snippets From The World of Business, Finance and Tech.
The Snippets Journal
Insightful Snippets From The World of Business, Finance and Tech.
Category India
SiN #81 – 278,491
That is the number of Indians working in the US under H-1B visas, the highest for any country. It is followed by China in the second position at just 50,609 and Canada at 4,615. H-1B visas allow specialized foreign workers…
SiN #76 – 3.6%
That is the drop in value of the Indian Premier League(IPL) franchise over the past year according to a report released by Duff & Phelps, a financial consultancy. It fell from ₹47,500 crore a year ago to ₹45,800 crore.
SiN #75 – 759,572
That is the number of companies in India that shut down their businesses just in the month of April 2021 according to a report by the Ministry of Corporate Affairs. Also, during the month, 2,163,829 new companies were registered.
SiN #74 – 75 Million
According to a Pew Research Report, people living below poverty line, in India, was increased by 75 million in 2020. Also, during the year, the strength of middle class population decreased by 32 million.
SiN #68 – 14.73%
That is the weekly unemployment rate of India as of May 23 according to the think tank, Centre for Monitoring Indian Economy Pvt. Ltd. It is almost double that of the rate a month earlier – in the last week of…
SiN #65 – 350
That is the number of startups that operate in blockchain and cryptocurrencies in India. There are approximately 1.5 crore Indians who have invested in cryptocurrencies holding Rs 15,000 crore according to Moneycontrol. Ironically, Indians have substantial exposure to crypto even…
SiN #64 – $66.5 Billion
That is the net worth of Gautam Adani of Adani Group as of May20th, making him the second richest person in Asia surging past Chinese Billionaire Zong Shanshan, founder of the Nongfu Spring beverage company. The list is topped by…
SiN #61 – 56%
That is the contribution of Reliance Industries to the production of single use plastics in India. India is the third largest single use plastic producer after China and the USA at 5.58 Million Tons(MT) annually as of 2019 out of…
Sin #58 – $110 Billion
That is how much the on going worldwide semiconductor chip shortage is expected to cost the global automotive industry in revenue in 2021, according to consulting firm AlixPartners.