Investment intentions drop to Rs 9.55 lakh crore for FY27 even as firms deliver strongly on current year plans
The decision to release Q1 and Q2 estimates in the new series is intended to smooth the transition and provide a coherent framework for analysis.
India adds nearly 3 lakh more firms over the last three months
At present, there is no central database of fintech companies in India. The RBI only tracks entities it directly licenses, while MCA does not have a separate classification at the time of company registration.
First official exercise to track enterprise conditions, financial access and regulatory frictions
In case of factory output, the NSO regularly sensitizes source agencies to engage with production units regarding timely submission of data. If the initial response rate by the production units is good, the magnitude of subsequent revisions reduces significantly.
The Statistical Business Register (SBR) will likely serve as a comprehensive database of enterprises operating at the district, state, and national levels, and will be the backbone to develop an Integrated Official Business Statistics system.
The last detailed study on common property resources was carried out in 1998-99. CPR surveys were started in the 1980s.
Overall private sector capex is set to decline by a fourth in FY26 to Rs 4.9 lakh crore from Rs 6.6 lakh crore expected in FY25.
Capex from private sector is expected to taper off in the current fiscal to Rs 4.9 lakh crore, but will still remain higher than levels witnessed between 2021-22 and 2022-23
In 2024, 84.7 percent of Indian men in the 15-29 age group and 71 percent of women in the category used mass media, with each spending 120 minutes a day on the activity
In the Budget presented on February 1, the Centre proposed a comprehensive programme for vegetables and fruits to promote production, efficient supplies, processing, and remunerative prices for farmers, which will be launched in partnership with states.
As part of these changes, the government plans to release monthly unemployment data for both rural and urban areas, an addition to the existing monthly releases of industrial production, consumer inflation, and social security scheme enrollments.
The two-part capex survey will have one section on investments made in the past year, and the other on investment expectations for the next two years. The time use survey will capture the trends on unpaid and paid workers across gender
The new CPI series, which the ministry will launch in February 2026, will also track spending on e-commerce, PlayStations, mobile phone accessories like Bluetooth earphones and online video subscriptions
Saurabh Garg, Secretary to the Ministry of Statistics and Programme Implementation, said that plans are also afoot to use remotely-sensed nightlight data to assess the scale of economic activity.
Non-response rate is higher for detailed surveys like Household Consumption Expenditure Survey, which are instrumental in determining consumer inflation and GDP statistics
India’s economic data indicators could soon have a fresh base year, Moneycontrol learns from sources. The idea is to keep base years for all releases aligned to a single year.
Guidelines open door for creating sandboxing environment via outsourcing
Based on use-based classification, top three positive contributors to the growth of IIP for the month of April 2024 are primary goods, construction goods and consumer durables.
The average MPCE at Rs 10,501 of the top 5 percent of the rural population is about 7.6 times of the average MPCE at Rs 1,373 of bottom 5 percent of India’s rural population.
India is seen growing 8.2 percent in 2023-24 thanks to the manufacturing and mining sector. However, farm sector GVA is seen slowing down to 1.4 percent in FY24 against 4.7 percent in 2022-23.
"2022-23 was a normal year. For CPI, IIP the base year needs to be changed. So 2022-23 will likely be the base year. The base year revision will happen within two years by FY27."
For FY24, India's Index of Industrial Production (IIP) stood at 5.8 percent against 5.2 percent in the previous year.
Debasis Kundu and A Ganesh Kumar have been named as the new members of NSC, even as a panel reviews its methodologies