News In Numbers: July 31
India will become the world’s most populous nation, overtaking China, by 2022. By that time, the two Asian neighbours will have 1.4 billion people each. A report by the United Nations released two years back projected India to overtake China only by 2028. Population projection depends on fertility rates, which in turn is dependent on family planning. Countries that have high fertility rates are the ones that have low usage of modern contraceptive needs and high percentage of people not using any method of contraception.
The percentage of rural households that use firewood and chips for cooking, underlining the stark disparity between urban and rural India. Around two-thirds of urban households use the smokeless, user-friendly and government-subsidised alternative, liquefied petroleum gas (LPG). Between 1993-94 and 2011-12, the proportion of households using LPG in urban areas has grown faster than in rural areas. As a result, the LPG subsidies have gone more into urban households. Last year, the average subsidy per LPG cylinder was Rs410. After a government appeal, more than 1 million consumers have voluntarily given up LPG subsidies.
The amount the company that runs online payment processor and marketplace Paytm will pay to the Indian cricket board for title sponsorship rights to all international and domestic matches to be played in India for the next four years. On a per international match basis, that works out to Rs2.42 crore, a 20% increase over the Rs2 crore paid by last title sponsor Micromax. For Paytm’s parent, the sum is 5.5% of the $575 million (about Rs3,600 crore) in funding—at the last valuation of $1.83 billion—committed by China’s Alibaba Group. Paytm is the first e-commerce company to bag these title rights.
The government has allowed 49% foreign portfolio investment in multi-brand retail under the automatic route, in a significant departure from its earlier stand of not permitting external investment. The move is short of what international retailers like Walmart, Carrefour and Tesco are demanding, as these firms won’t be allowed to exert management control under the portfolio route. The Indian retail sector is fragmented with 12-15 million small stores. Together, they hold more than 90% market share in the estimated $534 billion market.
India’s top three software firms — TCS, Infosys and Wipro — added only 50,000 employees in their workforce in the 12 months ended June 2015. Though they hired 150,000 during the same period, attrition was also high. Industry body National Association of Software and Services Companies (Nasscom) has predicted a 6% hiring increase iin 2015-16 on a base of 3.5 million.
howindialives.com is a search engine for public data