Central Statistics Office

What changed for the market while you were sleeping? Top 12 things to know

Trends on SGX Nifty indicate a gap-down opening for the broader index in India, with 179 points loss or 1.47 percent. The Nifty futures were trading around 11,942-level on the Singaporean Exchange.

Editor's Take | September CPI inflation rises, August IIP contracts

Food prices, which is a gauge to measure changes in kitchen budgets, grew 5.11 percent in September as against 2.99 percent in August.

Nearly 2 crore jobs created in 16 months to December 2018: CSO report

The ESIC provides health insurance and medical services to its insured person covering all those establishment which have 20 or more workers and all those employees whose monthly wages are up to Rs 21,000.

India not politically fixing GDP numbers: Arvind Subramanian

According to the Central Statistics Office (CSO), India's economy expanded by 7 percent in the third quarter of last financial year, belying fears that note ban would have severely impacted economic activity.

Change in base year for GDP a regular global practice: Govt

Change of base year to calculate GDP is done in line with the global exercise to capture economic information accurately, the government said today.

Inflation under control, GDP unhurt by note ban: Modi

Prime Minister Narendra Modi today said his government has been able to tame inflation which had gone out of control before 2014 and no political party could raise the issue during the polls in five states.

GDP numbers highly suspect, govt misleading public: Cong

The Congress today dubbed the GDP numbers as "surprising" and "highly suspect" that could dent India's global credibility and accused the prime minister and the finance minister of "misleading" the public.

Growth overstated due to lack of informal sector data: Sen

In a panel discussion on CNBC-TV18, Pronab Sen, Former Chief Statistician of India said that formal sector data is used as a proxy to estimate the informal sector data, hence even though the informal sector was hit harder due to demonetisation the numbers don't seem to reflect it.

Expect Q4 numbers to reflect the impact of demonetisation: Ghosh

"Possibly we could see some impact in Q4 numbers, they could be a little lower than Q3 numbers. We are not going to revise the projections because we are at 6.6 percent [GDP growth] for the full year and I think the fourth quarter number possibly could reflect some amount of the impact of demonetisation," Soumya Kanti Ghosh said.

OECD backs demonetisation, projects FY17 GDP growth at 7%

The Organisation of Economic Cooperation and Development (OECD) has supported India‘s demonetisation drive, asserting that immediate impact of the move on Indian economy will be transient.

CSO to unveil Q3 GDP estimate with note ban impact tomorrow

The CSO is also slated to release the numbers for the third quarter which witnessed cash crunch following the government's decision to scrap high value notes on November 8.

Q3 GDP growth may fall to 6.1% as demonetisation impact shows up

The GDP growth for the quarter ended December 31, is expected to be in the range of 5.5 to 6.5 percent. Last year, the GDP grew by 7.2 percent in the same period.

Sinharay appointed as govt nominee on board of IDFC Bank

The Department of Financial Services director Anindita Sinharay was today appointed as government's nominee director on the board of the private sector lender IDFC Bank.

Note ban shaves off GDP growth rate by up to 0.5% in FY'17

The cash squeeze, following junking of high value notes of Rs 500/1000 on November 8, 2016, the Economic Survey for 2061-17 said, "will have significant implications for GDP, reducing 2016-17 growth by 0.25 to 0.50 percentage points compared to the baseline of 7 percent."

Note-ban impact: SBI Research pegs FY17 GDP down to 6.7%

Even as the Central Statistics Office (CSO) today revised downwards the GDP growth estimate for the current financial year to 7.1 percent, SBI Research pegged it further down at 6.7 percent, citing the note-ban impact on consumption and therefore production.

Advance estimates for GDP to be released on January 7

The data is used as an input in the making of the Budget, which the government is planning to unveil on February 1 as against the convention of last working date of February.

Explained: What you need to know about IIP and CPI numbers

Index of Industrial Production (IIP) tells you whether the manufacturers of industrial goods have either increased or cut their production. Consumer Price Index directly affects the common man. It gives an idea of the prices of goods and services that he or she buys from the neighbourhood store.

Finmin expects GDP growth to improve to 8% in 2016-17

Pinning hopes on better monsoon, the Finance Ministry on May 31 said it expects GDP growth rate to notch up to 8 percent in the current financial year

Indian economy to grow at 7.2% in 2016-17: BMI Research

Indian economy continues to face multiple challenges, and this is being reflected in high frequency data such as industrial production and trade, it added.

Budget 2016: Jaitley pegs nominal GDP growth at 11% in FY17

In Union Budget 2015-16, finance minister Arun Jaitley had said he expects the Indian economy to grow at 8-8.5 percent. However, it was later revised downward to 7.2 percent

Budget 2016: Indian economy to grow at 7.4% in FY16, says Ficci

The Indian economy is expected to grow at 7.4 percent in the current fiscal, slightly lower than 7.6 percent projected in advance estimates of Central Statistics Office, industry body Ficci said today.

Manufacturing is actually picking up, says Nirmala Sitharaman

"Manufacturing is actually picking up. The last quarter figure showed that the country's GDP growth will be over 7 percent. It also revealed that manufacturing is growing over 9 percent. Actually, the perception is going around in the circle without looking at the figures," she told reporters during the Make in India Week here today.