Ministry of Statistics and Programme Implementation Current Affairs - 2019

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Revision of GDP Estimates

The Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2017-18. The highlights of the revised estimates are: The forecast for GDP growth for 2017-18 was increased to 7.2% from the earlier estimate of 6.7%. The actual growth rate in 2016-17 has been Read More…

Month:  Categories: Business, Economy & Banking

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National Statistical Commission

National Statistical Commission was established in 2005 based on the recommendations of the Rangarajan Commission. The commission was established through an executive order and it works under the Ministry of Statistics and Programme Implementation. The Rangarajan Commission recommended the establishment of a permanent National Commission on Statistics to serve as a nodal and empowered body Read More…

Month:  Categories: Government Schemes & Projects

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Index of Industrial Production of November: Key Facts

The Index of Industrial Production for the month of November has been released by the Central Statistical Office, under the Ministry of Statistics and Programme Implementation. The Index of Industrial Production (IIP) provides details about the growth of various sectors in an economy such as mineral mining, electricity and manufacturing. IIP is a composite indicator that Read More…

Month:  Categories: Reports & Indices

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CSO releases advance estimates of National Income for 2018-19

The Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation has released the first advance estimates of National Income for 2018-19. Highlights of the Estimate The Estimate makes the following observations: The Indian economy is expected to grow at 7.2 per cent in the financial year 2018-19 which is higher than the Read More…

Month:  Categories: Business, Economy & Banking

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Ravindra Dholakia committee: Government forms panel to upgrade norms for state, district level economic data collection

The Union Government has constituted 13-member Committee for Sub-National Accounts to upgrade the norms for computation of economic data at states and districts level in backdrop of plans to revise the base year for National Accounts or Gross Domestic Production (GDP) calculation. It will be headed by Ravindra H Dholakia, a retired professor of IIM Read More…

Month:  Categories: Business, Economy & Banking

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India Loses its Fast Growing Economy Tag to China

As per the data released by the Ministry of Statistics, India registered 7.1% growth in the financial year 2016-17, which is slower than the 8% registered in 2015-16. In the fourth quarter of 2016-17, India registered a growth of GDP growth of 6.1% compared with China’s 6.9% in the same period. Hence, it has lost its fastest-growing major economy tag Read More…

Month:  Categories: Business, Economy & Banking

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Government launches International Household Survey Network Toolkit

The Union Minister for Statistics and Programme Implementation, D.V. Sadananda Gowda has launched the International Household Survey Network (IHSN) Toolkit. He also had launched new Website of the Ministry of Statistics and Programme Implementation in New Delhi. What is International Household Survey Network (IHSN) Toolkit? The IHSN is a standard bench mark which can be Read More…

Month:  Categories: Reports & Indices

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