News In Numbers: July 16
India’s goods exports fell for the seventh consecutive month in June, by 15.8% to $22.3 billion, making it more challenging for Prime Minister Narendra Modi to achieve his target of $900 billion in exports by 2020. Of the top 30 broad export categories, as many as 16 reported a decline in June 2015, compared with June 2014. India had missed its export target of $340 billion in 2014-15 by 11.5%.
Rs 50 crore
The total corpus of the Dalit SME (small and medium enterprises) Fund. The fund, which was launched in 2013, supports the entrepreneurial initiatives by people from scheduled castes and scheduled tribes. Launched by the Dalit Indian Chamber of Commerce and Industry (DICCI), the fund was hoping to raise Rs 500 crore over the next 10 years. It has, so far, managed to raise only 10% of that amount due to a lack of interest from financial institutions. DICCI has around 3,000 millionaire Dalit members, with about a third running businesses whose turnover exceeding Rs 100 crore.
About 100 Indian companies have invested $15.3 billion and created about 91,000 jobs in the US. The survey says Indian companies have “operational presence” in all 50 states in the US, with the highest concentration in New Jersey, California and New York. Texas has received the highest Indian foreign direct investment. The IT, ITeS and telecom sector is the dominant one, accounting for two out of five companies. However, in 2011 and 2012, India’s investments in the US amounted to less than $1.5 billion, and an outflow in 2013.
Of the top 1,000 rank holders who wrote the JEE (Advanced) Examination, only 20 have opted for a new IIT campus, with the rest flocking to the older ones or the National Institutes of Technology. All those 20 students have chosen IIT-Hyderabad. In the broader set of top 2,000 rank-holders, 29 students opted for five new IITs. In other words, the other five IITs did not attract a single student from the top 2,000. Among older IITs, the Bombay campus continues to be the most preferred institution, and computer science and engineering the most preferred course.
Number of students from India enrolled at all levels in the US in 2013-14, or a share of 11.6% among international students in the US. That was second only to China, which leapfrogged India as recently as 2009-10 and now accounts for 31% of students in the US. According to an HSBC education survey of 16 countries released on Wednesday, India had the highest proportion of parents, at 88%, who were willing to send their children abroad for post-graduate studies. China was joint third, with 82%.
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