J P Chawla & Co. LLP

Fineprint Vol.1 2020

India’s per-capita monthly income surged by 6.8 percent to Rs 11,254 (US$ 161.02) in 2019-2020, according to Government data. The per-capita net national income for the same period rose to Rs 1,35,050, marking a 6.8 percent increase compared to the previous year. Other fiscal highlights for January 2020 include Aadhar surpassing 125 crores, Piyush Goyal leading the Indian Delegation to the World Economic Forum 2020, ICSI’s plan to open 10 international offices, and an expected 9-10 percent growth in the FMCG sector. The government launched the National Broadband Mission with a Rs. 7 trillion investment over 4 years, aiming for universal broadband access by 2022. Additionally, PE/VC investments reached a record US$ 37 billion, with India among the top 10 FDI recipients, attracting US$ 49 billion inflows in 2019. GST revenue collection for December 2019 stood at Rs 1,03,184 crore (US$ 14.76 billion), reflecting steady economic activity.

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