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From India’s tourism, to declining e-car sales and Swiggy's revenue mix, 3 facts that surprise
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3 min read | Updated on October 30, 2024, 20:51 IST
SUMMARY
Did you know that a study from the UK ranked India as the 7th most naturally beautiful country in the world? So many fascinating facts like these pass us by unnoticed. In our new series titled Beyond the headline, we’ll uncover a range of captivating (and sometimes surprising) facts and insights. Join us as we explore intriguing stories and data that shed fresh light on our world.
In this article we explore intriguing stories and data that shed fresh light on our world
Did you know? India is ranked as the 7th most naturally beautiful country in the world
Tourism is a gem gem in India’s economic treasure chest! Here’s a list of the world's top 7 most naturally beautiful countries based on a study by money.co.uk.
| Rank | Country | Volcanoes | Ultra-prominent mountains | Coral reef area (km2) | Coastline length (km2) | Tropical forest area (km2) |
|---|---|---|---|---|---|---|
| 1 | Indonesia | 2.4 | 4.6 | 2,717.4 | 2,914.3 | 55,893.6 |
| 2 | New Zealand | 3.0 | 3.8 | 497.5 | 5,747.6 | 0.0 |
| 3 | Colombia | 0.3 | 2.0 | 84.7 | 289.1 | 44,686.6 |
| 4 | Tanzania | 0.3 | 1.2 | 404.2 | 160.8 | 43,795.9 |
| 5 | Mexico | 0.4 | 1.3 | 91.6 | 480.0 | 19,870.6 |
| 6 | Kenya | 1.4 | 0.9 | 110.7 | 94.2 | 30,025.5 |
| 7 | India | 0.1 | 1.5 | 194.7 | 235.4 | 20,476.7 |
Source: Money.co.uk, Today's Traveller
India ranks 10th in terms of the contribution of its travel and tourism sector to GDP, which accounts for 6.8% of the total, roughly ~$200 billion. Furthermore, from 2018 to 2028, this contribution is projected to grow at an annual rate of approximately 7.1%. New schemes focusing on tourism, infrastructure improvement, and private investment aim to enhance the experience for tourists, which would subsequently grow the industry.
Source: Statista
Did you know? E-car sales have declined for two consecutive quarters!
In Q3CY24, electric passenger vehicle sales took a hit, decreasing 3.4% YoY. The year actually started off strong, with Q1 sales hitting 25,522 units, a massive 50.8% growth compared to last year. Q2 held steady at 22,858 units, though it did drop by 10.4% from Q1. By Q3, sales declined further to 20,302 units.
However, despite the slowdown, total sales for the first three-quarters of CY24 are up by 15.4% compared to the same period in CY23.
A major reason for the decline - removal of the FAME subsidy and the overhang of a new renewed subsidy. While one has increased the cost of acquisition, the latter has led to an overhang - basically causing consumers to delay purchase, as they await a new subsidy.
Source: Autocarpro
Did you know? Swiggy's supply chain powers 42% of Its revenue!
The supply chain and distribution segment is a significant driver of revenue for Swiggy, accounting for 42% of its overall earnings. The company provides comprehensive supply chain services to wholesalers, retailers, and FMCG brands. At this rate, it is almost equal to its food delivery business!
Source: DRHP
Swiggy’s Supply Chain and Distribution segment has seen significant growth, with around 680 brand distribution partnerships and services to approximately 87,000 retailers and wholesalers. Meanwhile, Zomato is now venturing into this sector and is working to catch up.
Source: DRHP, Screener
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