#MintCharts | #Heatwaves and soaring temperatures have become more common in India in the past few decades, and 2024 is breaking all records. The recently concluded #LokSabhaElection also drew much attention due to the heatwave situation. Voters in constituencies spread across 19 of the 36 states and Union territories cast their votes amidst dangerously high levels of ‘#heatstress’, according to the latest analysis by Respirer Living Sciences, a climate tech #startup

#ClimateChange #IndiaWeather

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#MintCharts | The govt has pledged to more than double India's annual #militaryexports to ₹50,000 crore by 2028-29. In the last few years, military #exports have consistently experienced a 20-30% annual growth, and so it looks aligned with this new target. The private sector has played a significant role in this growth, contributing a substantial share.

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#MintCharts | The newly formed Union #cabinet has announced hikes in the minimum support price (#MSP) of 14 #kharifcrops for the current year amid #climatechange challenges being faced by farmers. Among the major crops, the MSP for arhar was increased by 7.9% to ₹7,550, followed by urad (6.5%) and maize (6.4%)

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#MintCharts | Amid global growth slowdown, India maintained its dominance in May when it attained the first position among its emerging markets’ peers. Strong #GDP growth and manufacturing #PMI numbers were a major boost during the month, according to the latest Mint Emerging Markets’ Tracker.

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#MintCharts | June 2024 marked the third-highest month ever for #PowerConsumption in #India, even though the #Heatwave conditions were less severe than those in May. #Energy use increased by 8% compared to the same month last year, though it was lower than in May due to the arrival of the southwest #Monsoon in some parts of the country.

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#MintCharts | The penetration of #FoodIndustry, which has so far been limited to urban centres and among the rich and the young, is going to witness a double-digit growth over the next seven years, according to a report released by #Swiggy and Bain & Company.

With rise in disposable income, people are likely to spend more on eating out and ordering online, leading to doubling of the food industry market from current ₹4-5 trillion to ₹9-10 trillion by 2030.


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#MintCharts | #Google’s #GreenhouseGas emissions shot up nearly 50% in the past four years due to the massive data centers needed for their #AI projects, the tech giant revealed in its annual environmental impact report.

Emissions hit 14.3 million tonne carbon dioxide equivalent (tCO2e) in 2023 as against 9.7 million (tCO2e) in 2019.


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#MintCharts | The 2021-22 and 2022-23 reports of the Annual Survey of Unincorporated Sector Enterprises, released by the government last week, show that the informal sector shrank both in terms of output and #Workforce during the seven years ended 2022-23.

The sector had 111.3 million workers in 2015-16, a sharp rise from 108 million in the 2010-11 edition of the report. But as the informal sector shrank in size in the seven years that followed, the number fell to 109.6 million by 2022-23.

This was chiefly due to a decline in the size of the informal #Manufacturing sector, while trade and other services saw increases.

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#MintCharts | In 2023-24, banking, financial services and insurance firms (#BFSI) and the oil and gas sector contributed over half of India Inc.’s profits, a Mint analysis of 4,006 #BSE-listed companies showed. Together, their profit concentration jumped to at least an eight-year high.

However, while the BFSI segment’s profit share has surged rapidly in the last seven years, that of the oil and gas sector has shown a dip in the same period.

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#MintCharts | #India’s largest listed companies were able to generate steady cash flows from their operations in 2023-24.

A Mint analysis for a sample of 416 #BSE500 firms (excluding #Banking, #Finance and #Insurance) showed a 26.4% surge in cash flows, likely crossing the ₹10 trillion mark for the first time. This marks a welcome turnaround after two weak years, and fuels optimism for future expansion.

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