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Business News/ Politics / Policy/  News in numbers | Recessionary sentiment strong among 50% Indians, says consumer survey
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News in numbers | Recessionary sentiment strong among 50% Indians, says consumer survey

Sahara Group plans to raise Rs5,300 crore by selling some of its assets to help free its jailed chief Subrata Roy

The Indian government is likely to approach the World Bank, Asian Development Bank and state-owned foreign banks for loans with tenures of as much as 25 years. Photo: Pradeep Gaur/MintPremium
The Indian government is likely to approach the World Bank, Asian Development Bank and state-owned foreign banks for loans with tenures of as much as 25 years. Photo: Pradeep Gaur/Mint

86,000 crore

What is it? The amount India plans to raise by way of overseas loans to fund irrigation projects.

Why is it important? It will add 1.3 crore hectares of irrigated farmland. India has witnessed back-to-back droughts affecting its crop production and threatening to turn it into a net importer of some commodities.

Tell me more: The Indian government is likely to approach the World Bank, Asian Development Bank and state-owned foreign banks for loans with tenures of as much as 25 years. The government-run National Bank for Agriculture and Rural Development is likely to take the lead in the borrowing programme.

5,300 crore

What is it? The amount Sahara Group plans to raise by selling some of its assets to help free its jailed chief Subrata Roy.

Why is it important? This is about 15% of the money ( 36,000 crore) it has to refund its investors for a time-deposit scheme declared illegal. The group expects to sell the Sahara Star Hotel, its stake in the Formula One racing team to raise 3,000 crore and the rest by selling three of its overseas properties.

Tell me more: The Supreme Court was expected to take a decision on the appointment of a receiver to auction off some of the group’s properties on Tuesday. The hearing has now been deferred until 29 March. The bail amount for Roy’s release was fixed at 10,000 crore.

1.14 lakh crore

What is it? The investment commitment by electronic manufacturing firms such as LG, Samsung and Foxconn in India in the last 20 months.

Why is it important? It shows global firms’ interest in Indian government’s ‘Make in India’ programme, partly driven by the government’s incentive scheme for companies setting up electronics manufacturing facilities in the country. It remains to be seen if all the 156 proposals materialise.

Tell me more: The Indian Electronics Systems Design and Manufacturing industry was estimated to be worth $68 billion in 2012 and was projected to increase to $94.2 billion in 2015 at a compounded annual growth rate of 9.9% between 2011 and 2015.

1 billion

What is it? The number of users Whatsapp has now, more than double of those using the service when it was acquired by Facebook two years ago.

Why is it important? Whatsapp rivals—Viber and WeChat (along with its Chinese version)—have 400 million users and 650 million monthly active users, respectively. However, in terms of monetisation, WeChat’s average revenue per user at $7 is way higher than Whatsapp’s $1.

Tell me more: Facebook reached this target in 2012 and six months ago, 1 billion users logged in on a single day. Facebook acquired Whatsapp for $22 billion in 2014, justifying the price, saying it has the potential of reaching 1 billion users.

131

What is it? India’s consumer confidence index in the fourth quarter of 2015, according to a Nielsen survey.

Why is this important? India has been on top of this index for four quarters in a row in 2015. In terms of job prospects and personal finances, Indians were found to be the most optimistic in the world with 80% and 82% of the respondents (respectively) saying they were confident of these attributes. However, 50% of the polled Indians said the country is in an “economic recession", meaning the recessionary sentiment is strong.

Tell me more: Consumer confidence index of China, which posted its lowest economic growth numbers in 25 years recently, increased by one point to 107 in the last quarter of 2015.

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Published: 03 Feb 2016, 10:48 AM IST
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