Cash in circulation (CIC) in the Indian economy has risen sharply since demonetisation. CIC, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21. Five years after demonetisation, most fintechs remain loss-making and must spend millions more to acquire customers and merchants. But cash—anonymous, convenient and handy—is still preferred by the average Indian.
Around 70% of all foreign real estate investments are directed towards India’s industrial and warehousing sectors
Following the Supreme Court’s dismissal, Vodafone-Idea shares plummeted nearly 20% to a 52-week low of ₹10.36 from ₹12.90.
TRAI has lowered the entry fees for telecom licences, particularly benefiting small and medium entities
Net personal income tax collections increased by 18%, reaching ₹5.15 lakh crore, up from ₹4.13 lakh crore.
Around 70% of all foreign real estate investments are directed towards India’s industrial and warehousing sectors
Following the Supreme Court’s dismissal, Vodafone-Idea shares plummeted nearly 20% to a 52-week low of ₹10.36 from ₹12.90.
TRAI has lowered the entry fees for telecom licences, particularly benefiting small and medium entities
Net personal income tax collections increased by 18%, reaching ₹5.15 lakh crore, up from ₹4.13 lakh crore.
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