Snapshots That Wow!

Yeh gaadi, ab ruk ruk kar chalti hai

“after reaching a peak of nearly 4B passengers in FY13, long-distance Rail passengers declined over the next 6 years, to reach 3.7B in FY19. And with a projected total of 3.5B in FY27, this means that Rail passengers are below both their pre-Covid level and their FY13 peak.

The decline from FY13 till date is driven by 2nd Class, which lost over 700 Mpassengers, dropping from 3.5B in FY13 to 2.8B in FY27b - far outweighing the gains in AC Classes and Sleeper.”

Source: Arjun Krishnan Puri Substack

Areey oh sambha, kitna debt tha? Ek sau tees!

51 out of 52 countries that passed the 130% debt-to-GDP ratio defaulted one way or another.

The one exception to this has been Japan.

The US is expected to reach 130% debt to GDP by 2030.

Source: EKWU Finance

Ask not what you will lose from AI, but what you will gain from it!

“We Are Likely in the Early Stages of Another Productivity Boom

Productivity Growth Appears To Be Turning Higher again”

Source: Morgan Stanley

Alas, no wind beneath their wings!

Jet fuel supplies have completely collapsed. It is no surprise that Lufthansa, the German carrier cancelled about 120 daily flights until the end of the summer season, latest in a series of airline victims.

Source: Financial Times

Googlers, time to search for a job?

75% of the code today at Google is written by AI. This number 18 months ago was at 25%.

Source: Alphabet IR

The Marshall plan still showing its prowess!

“The USD's portion of international transactions rose to a record 51.1% in March, up from 49.2% a month earlier, according to the latest data compiled by global financial messaging service Swift”

Source: Bloomberg