Sandip Solanki

[Sandip Solanki @SandipSolankee]

@MTPHereToHelp @myBESTBus @mybmc @CMOMaharashtra @MPLodha @ShelarAshish @mieknathshinde Request immediate restoration of original starting point. This affects thousands of office-goers in BKC daily. #BESTBus #MumbaiTraffic #BKC #FixRoute310

[Sandip Solanki @SandipSolankee]

@myBESTBus Shifting Route 310 starting point from BKC Police Stn to Gate 8, BDB has caused severe inconvenience.Buses nw reach BKC already full, lead to long wait & overcrowding.Request urgent restoration @mybmc @MTPHereToHelp @MPLodha @ShelarAshish @mieknathshinde
#BESTBus #BKC

[Sandip Solanki @SandipSolankee]

@MTPHereToHelp @myBESTBus @mybmc @MTPHereToHelp @CMOMaharashtra @MPLodha @ShelarAshish @mieknathshinde

Serious inconvenience to daily commuters!

Route 310 now starts from Gate 8 instead of BKC Police Station → buses arrive at BKC already full. Long waits + severe overcrowding.

[Sandip Solanki @SandipSolankee]

@CMOMaharashtra

[Sandip Solanki @SandipSolankee]

India is anticipated to become the world's fourth-largest spender on travel by 2030, with the middle class comprising 47% of the population, leading to a total travel expenditure of $410 billion.

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[Sandip Solanki @SandipSolankee]

In the past decade, a notable shift has occurred in the spending habits of middle- and upper-income consumers in India, favouring discretionary purchases over essential goods driven by digital content and social media.
1/n

[Sandip Solanki @SandipSolankee]

India's annual purchase of shoes per capita
at 1.9 is notably < than China's 2.9 and Indonesia's 3.6, suggesting substantial room for mkt growth. ⬆️spendng on health, wellness, and fitness, coupled with rising participation in sports, will further propel growth in the sector.
5/n

[Sandip Solanki @SandipSolankee]

Telecom revenue is expected to continue growing due to increased demand for services, network expansion, and a rising customer base, especially in rural areas. 📈

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[Sandip Solanki @SandipSolankee]

Attractive Opportunities: India's 5G subscriptions to reach 350 million by 2026, constituting 27% of all mobile subscriptions. The country will need 22 million skilled workers in 5G technologies by 2025. 😎

(5/n)

[Sandip Solanki @SandipSolankee]

Policy Support: Cabinet approved a Rs. 12,195 crore (US$ 1.65 billion) PLI scheme for telecom and networking products. Large Scale Electronics Manufacturing PLI attracted Rs. 4,700 crore (US$ 569.49 million) investment by September 2022. 📜

(4/n)

[Sandip Solanki @SandipSolankee]

🫡India ranks 2nd globally in mobile broadband traffic and internet bandwidth. Data usage per wireless subscriber grew from 61.66 MB in March 2014 to 17.11 GB in December 2022, and is estimated to hit 24-25 GB by FY25 (as per Crisil estimates)

(1/n)

[Sandip Solanki @SandipSolankee]

Increasing Investment: Union Budget 2023-24 allocated Rs. 97,579.05 crore (US$ 11.92 billion) to the Department of Telecommunications. Telecom sector FDI hit US$ 39.31 billion by December 2023. 💰

(3/n)

[Sandip Solanki @SandipSolankee]

Strong Demand: Wireless data usage surged over tenfold from Q1 FY18 to Q2 FY24. The industry revenue has accelerated after FY19 with a CAGR of 13% (FY19-23) (with ARPU’s* growing from 79 in FY20 to 138.6 in FY23) compared to just 1% during FY13-19. 💪

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[Prof. Krishnamurthy V Subramanian @SubramanianKri]

Had the opportunity to raise the problem of sovereign credit ratings in the @UN this week. Highlighted that:
1. Never in the history of ratings has the 5th largest economy - India - been rated BBB.
2. Rating is purely a mapping onto the probability of default, which depends in turn on (a) ability to repay & (b) willingness to repay.
3. On both counts, India should be at least AA!
4. On ability to repay, our forex debt is minimal even accounting for private borrowing.
5. And our willingness to repay is gold standard… even when India faced its worst BoP crisis, we shipped gold to Bank of England and Bank of Japan to get forex.
6. @UN, @IMFNews and @WorldBank must work together to ensure that Sovereign Rating Agencies rectify fundamental problems in their model. This is necessary so that the optimal financing for climate change comes into Emerging and Less Developed economies.

[Sandip Solanki @SandipSolankee]

These developments not only reflect the dynamism of the Indian economy but also signify promising avenues for future investment and innovation. 📱

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[Sandip Solanki @SandipSolankee]

Moreover, India has been experiencing exponential growth in new sectors such as food, electronics, smartphone manufacturing, and the emergence of electric vehicles (EVs) as a viable alternative to traditional internal combustion engines.

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