Page 4 - Nso

First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21

The first economic contraction since 1980, and maiden quarterly GDP fall on record, follows limited activity during the June quarter amid lockdowns to control the spread of the coronavirus pandemic

CPI-based inflation rose to 6.1% in June; food inflation eased to 7.9%

The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.

India retains position of 3rd-largest economy on PPP basis for 2017

PPP of the rupee per dollar at GDP level rose to 20.65 in 2017 from 15.55 in 2011, while the exchange rate of a dollar to a rupee rose to 65.12 from 46.67 during the period

Food inflation crosses 9% in May, data on snacks and sweets held back

Statistics office also does not release retail headline inflation number

More regular-income labour denied social security before Covid-19 hit India

Though more firms were switching to formal sector and paying workers regular wages, that didn't necessarily mean they were passing on social security benefits to them

Covid-19 to structurally change collection of data for official statistics

The National Statistics Office is exchanging ideas with international agencies about handling data and statistics amid the pandemic situation

Retail inflation slows down to 5.91% in March on easing food prices

The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019

Risks, and some rewards, as India does business in the times of coronavirus

Will China's loss in meeting demand from the US and Europe help Indian businesses like leather, ceramics, and plastics? And if it does, will the gains be sustainable?

Around Rs 10.52-trn corporate debt at risk of default over slowdown: Report

The NSO has pegged the economic growth at 5 per cent for FY2019-20 in its second advance estimates released last week

In a time of distrust, Census 2021 surveyors stare at an uphill task

The big worry ahead is how the fear of CAA and NRC will affect the mammoth exercise required for Census 2021

Job creation in Dec 2019 falls marginally from Nov to 1.2 mn: ESIC data

The report also showed that during the September 2017-December 2019 period, around 3.50 crore new subscribers joined the ESIC scheme

Postpone data surveys

CAA protests can undermine credibility of statistics

NCAER pegs GDP growth at 4.9% in 2019-20, lower than NSO estimates

The NSO as well as the RBI has projected the GDP growth rate at 5 per cent for the current fiscal

How 'kagaz nahi dikhayenge' may delay key socio-economic survey

The surveyors not just lack households' cooperation or even attacked during their work, but the NSO too has received complaints from various states

NSO's consumer spend report showing first fall in 40 yrs won't be released

Consumer spending surveys help set the base year for key macroeconomic data, including gross domestic product

Retail inflation spikes to 7.59% in January; December IIP at -0.3%

Retail inflation rose sharply to 7.35 per cent in December 2019.

Economic slowdown bottomed out, uptick from here onwards: Subramanian

Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.

India's GDP growth for FY20 maybe just 5%; lowest in 11 years

In nominal terms, India's gross domestic product is expected to grow at 7.5 per cent, a multi-decade low, suggesting that tax revenues and individual incomes may remain under stress

Over to the Budget

Advance estimates show growth revival remains a daunting task

Panel will look at existing gaps and overlaps on data points: Pronab Sen

Our job is not to give recommendations, this is a standing committee, says Pronab Sen