The document provides a summary of key facts about India's population, demographics, internet usage, major cities, and economic indicators like GDP, top companies, digital payments. It also summarizes the government's budget highlights for 2019-2020 including increasing minimum public shareholding, recapitalizing public sector banks, providing credit guarantees for NBFCs, cutting corporate tax rates, and personal tax deductions for affordable housing and electric vehicles.

1. Quick Facts
(This is an indicative list and not exhaustive)
1. Population/ demographics
Ø India’s population: 1340 mn1
Ø World population: 7710 mn2
Ø Demographics3
o 31% in urban and 69% in rural4
o 943 females in 1000 males5
o Un employment rate is 7.8% in urban areas and 5.3% in rural areas6
o Gross Enrollment Ratio (GER) of girls at secondary level : 80.97%7
o GER of boys at secondary level: 79.16%
o Annual Average drop out rate of girls: 16.88%
o Annual Average drop out rate of boys: 17.21%
o Major cities wise population break up
City Population (mn)
Mumbai 18.4
Delhi - NCR 19.0
Bangalore 8.4
Hyderabad 6.8
Kolkata 4.6
Udaipur 0.45
Ø Internet penetration: 627 mn by 2019 (47.5% of the total population)8
1 https://www.worldometers.info/world-population/india-population/, accessed on 08th Jul 2019
2 http://worldpopulationreview.com/, accessed on 09th Jul 2019
3 https://www.indiastat.com/, accessed on 09th Jul 2019
4 https://www.indianmediastudies.com/rural-urban-divides-in-india/, accessed on 09th Jul 2019
5 https://en.wikipedia.org/wiki/List_of_states_and_union_territories_of_India_by_sex_ratio, accessed
on 09th Jul 2019
6 https://economictimes.indiatimes.com/jobs/indias-unemployment-rate-hit-6-1-in-2017-
18/articleshow/69598640.cms?from=mdr, accessed on 09th Jul 2019
7 http://www.pib.nic.in/Pressreleaseshare.aspx?PRID=1526144, accessed on 09th Jul 2019
8 https://economictimes.indiatimes.com/tech/internet/internet-users-in-india-to-reach-627-million-in-
2019-report/articleshow/68288868.cms, accessed on 09th Jul 2019

2. Ø Smart phone adoption rate: 340 mn in 2018(25.4% of the total population)9
2. Business/Economics
Ø India’s GDP:
o Nominal: $2.61 tn
o PPP: $9.45 tn
Ø Top 10 Indian companies by Market Capitalization10:
Company Name Last Price
52 wk
High
52 wk
Low
Market Cap
(Rs. cr)
TCS 2,129.40 2,290.65 1,784.00 799,032.80
Reliance 1,260.20 1,413.75 983.30 798,850.48
HDFC Bank 2,388.25 2,502.90 1,884.40 652,663.89
HDFC 2,211.90 2,300.85 1,646.00 381,620.49
HUL 1,740.80 1,870.50 1,477.90 376,848.56
ITC 275.60 322.70 263.60 338,094.59
SBI 355.25 373.40 247.65 317,046.82
Infosys 715.75 773.65 600.65 312,191.07
Kotak Mahindra 1,456.20 1,555.45 1,002.30 278,037.61
ICICI Bank 426.40 443.85 256.50 275,146.79
Ø Payments: Digital payments today constitutes only 10% of the total transactions11
Ø India: Quick facts12
o India's foreign exchange reserves: US$ 419.99 bn (as on 31st May 2019)
o The M&A activity in India reached record US$ 129.4 bn in 2018 while
private equity (PE) and venture capital (VC) investments reached US$
20.5 bn
o India's Index of Industrial Production (IIP) rose 4.4% y-o-y in 2018-19 (up
to January 2019)
9 https://www.indiatimes.com/technology/news/smartphone-users-in-india-smartphone-penetration-is-
set-to-reach-373-million-users-in-2019_-360475.html, accessed on 09th Jul 2019
10 https://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/index.html, prices as on 08th Jul
2019
11 https://www.businessinsider.in/shops-in-india-still-prefer-cash-over-digital-
payments/articleshow/68089374.cms, accessed on 09th Jul 2019
12 https://www.ibef.org/economy/indiasnapshot/facts-about-indian-economy, accessed on 09th Jul 2019

3. o India's current account deficit (CAD) was 2.6% during April-December
2018. The current account deficit (CAD) for the financial year 2017-18
stood at 1.9 % of GDP
o India’s Wholesale Price Index (WPI) inflation index rose by 04% to 120.0
in March 2019 compared to 119.5 in February 2019
o India’s Consumer Price Index (CPI) inflation rate rose to 2.92% in April
2019 as compared to 2.86% in March 2019
Ø The focus of Make in India programme is on 25 sectors. These include:
automobiles, aviation, chemicals, IT & BPM, pharmaceuticals, construction,
defense manufacturing, electrical machinery, food processing, textiles and
garments, ports, leather, media and entertainment, wellness, mining, tourism
and hospitality, railways, automobile components, renewable energy,
biotechnology, space, thermal power, roads and highways and electronics
systems13
Ø India ranks 77 in the EODB (Ease Of Doing Business)14
13 www.makeinindia.com/sectors, accessed on 09th Jul 2019
14 www.makeinindia.com/eodb, accessed on 09th Jul 2019

4. Ø Select Initiatives of Digital India15
o E-Path Shala: Transforming Learning through Technology
o eBiz platform
o My Gov platform
o Jeevan Praman
o Digital Locker System
Ø GST updates16
o It subsumes 17 different taxes levied by the Central and State/UT
Governments
o The one nation, one tax system aims to improve India’s competitiveness in
global markets. GST will ensure minimal cascading of taxes and thus,
an anti-inflationary approach. This also leads to a reduction in the costs of
doing business. Another benefit of GST is that no taxpayer is required to
pay tax on advances received for supply of goods.
o It reduces multiplicity of taxes and compliance costs.
o The Composition Scheme brings greater simplicity and reduces the cost of
compliance for small businesses.
o A key feature of GST is the existence of a robust IT system for online
registration, payment and filing of taxes for easier compliance
15 www.digitalindia.gov.in, accessed on 09th Jul 2019
16 www.gst.gov.in, accessed on 09th Jul 2019

5. 3. Budget highlights17
Headings Sub-
Headings
Description
Key
takeaways
for the
financial
sector,
capital
market
PSU Bank
recapitalizatio
n
The government will inject INR 70,000 crore into state-
run lenders massive bank recapitalization plan aimed at
tackling a record bad debt troubles and revive credit
growth
Minimum
Public
Shareholding
The finance minister proposed to increase minimum
public shareholding for listed companies to 35 % from
the current 25%. This means, the promoters can’t hold
more than 65 percent from the current limit of 75
percent. However, this is just a proposal. Sitharaman
said she had made the suggestion to SEBI, which would
consider it in the coming days.
NBFC The government will provide short-term partial credit
guarantee for the purchase of high-rated pooled assets of
NBFCs for a total amount of Rs 1 lakh crore. This
guarantee will be provided via public sector banks for
the first loss of upto 10%
Other
highlights
Fiscal deficit
target
The government has cut the fiscal deficit target to 3.3%
of GDP in 2019-20 instead of 3.4 % of GDP envisioned
earlier
Corporate tax The government cut the corporate tax rate to 25% for
nearly all companies
Infrastructure It was also announced that Rs 100 lakh crore would be
17
https://www.cnbctv18.com/Key_Budget_Takeaways_IDFC_First_Bank_Always_You_First.pd
f?utm_source=Search&utm_medium=CPC&utm_content=BudgetPDF&utm_campaign=Sok_S
earch_JulyBudget_PDFDownloads_Desktop&gclid=CjwKCAjw04vpBRB3EiwA0IiealXcvrwA9r
mU7WhyxZzfSWs0YFf3GHVgIl_fQ06dZqOnP800a4fRfRoCSscQAvD_BwE, accessed on 09th
Jul 2019

6. Headings Sub-
Headings
Description
investment invested into the infrastructure sector over the next 5
years, while highlighting the need for public-private
partnerships to ensure delivery of projects
Prices What will
become
costlier
o Petrol and diesel
o Metal fittings
o Auto parts
o Cashew kernels
o CCTV cameras
o Cigarettes, hookah and chewing tobacco
o Fully-imported cars
o Split air-conditioners
o Loudspeakers
o Digital video recorder
o Imported books
o Imported plastics
o Raw materials for soap manufacture
o Vinyl flooring and tiles
o Optical fibers
o Ceramic tiles and wall tiles
o Imported stainless steel products
o Newsprint and paper for newspaper and
magazines
o Marble slabs
o Mountings for furniture
What will
become
cheaper
o Electric vehicles
o Electric vehicle components
o Electronic appliances
o Mobile phones chargers
o Set top box
o Import of defense equipment
Personal
Tax
Additional
deductions for
affordable
house
Currently, a deduction towards interest payable on a
housing loan, on a self occupied property, can be
claimed up to Rs 2 lakh per annum. In order to provide
impetus to affordable housing, an additional deduction
of up to Rs 1.5 lakh per annum has been proposed for
first time home buyers in respect of interest payable on a
housing loan sanctioned during the period April 1, 2019
to March 31, 2020. Therefore, a person purchasing such
a house can now claim an enhanced interest deduction
up to Rs 3.5 lakh p.a.This additional deduction is subject
to the condition that the stamp duty value of the house
property should not exceed Rs 45 lakh.

7. Headings Sub-
Headings
Description
Tax deduction
for electric
vehicle
Keeping in mind the intention to envision India as a
global hub of manufacturing electrical vehicles and to
make such vehicles affordable, a deduction up to Rs 1.5
lakh p.a. has been proposed in respect of interest
payable on loan availed for purchase of an electric
vehicle, which is sanctioned during the period 1 April
2019 to 31 March 2023. This is subject to the condition
that no other electric vehicle should be owned on the
date of sanction of such loan.