Ministry of Statistics & Programme Implementation Current Affairs - 2020
The seventh Economic Census was flagged off at the National Capital by the Ministry of Statistics and Programme Implementation. This is the first time the Census is being carried out in Digital Platform. The Ministry has tied up with Common Service Centres Network (CSCN) for the digital implementation of the census
Delhi is the 26th state where the Census is being launched. It is already in process in 20 states and 5 Union Territories. At the capital, it will take three months for the census to complete. More than 1.5 lakh trained volunteers are to visit more than 35 crore establishments to carry out the census.
National Economic Census
The Indian Economic Census is counting the entrepreneurial units involved in agricultural, non-agricultural or any other economic activity. It provides information about the number of establishments in the country, number of persons employed, type of ownership, finance, etc. So far, 6 economic censuses have been held. They were in 1977, 1980, 1990, 1998, 2005, 2013. The seventh Census is the ongoing census that began in 2019.
Tags: 7th Economic Census 2019 • Economic Census • Economic Growth • micro entrepreneurs • Ministry of Statistics & Programme Implementation
On January 7, 2020, the CSO (Central Statistics Office) operating under Ministry of Statistics and Programme implementation released the first advance estimates of GDP number for the fiscal year 2020. The numbers are in line with the predictions of Reserve Bank of India
According to the report, the GDP growth is estimated at 5% for the year 2019-20 as against 6.8% in 2018-19. The report says that the deceleration is mainly due to the decline in the growth of manufacturing sector. The manufacturing sector grew at the rate of 2% in 2019-20 as compared to 6.9% in 2018-19.
Also, the core sectors and the industrial sectors showed a 11-year drop in GDP growth. There are eight core industries in India. It includes crude oil, electricity, refineries, coal, cement, natural gas, electricity and fertilizers.
The estimates are based on the growth rate in the first two quarters.
The first advance Estimate is based on four main factors namely advance estimates of crop production, Index of Industrial Production IIP (of the months April-October, 2019), financial performances of specific firms in the first and second quarter and accounts of state and central governments.
The second advance estimates will be released after Budget.
Tags: Core Sector Growth • Core Sectors • CSO • Eight core sectors • GDP Growth Rate