Download DEVELOPMENT OF ECONOMIC STATISTICS IN INDIA

DEVELOPMENT OF ECONOMIC
STATISTICS IN INDIA
by
Rajesh Kumar Sharma
Director, Central Statistics Office
Government of India
FIFTH MEETING OF THE STEERING GROUP FOR THE REGIONAL PROGRAMME ON ECONOMIC STATISTICS (SGRPES)
UN ESCAP, BANGKOK
5-6 MAY, 2016
NATIONAL STATISTICAL SYSTEM
National Statistical
Commmission
CENTRE
STATES
STATES
Ministry
of Statistics
& Programme
Implementation
National
Statistical
Commission
Reserve
Bank of
India
Central
Statistics
Office
(CSO)
National
Sample Survey
Office
(NSSO)
National
Statistical
Systems
Training
Academy
(NSSTA)
Computer
Centre
Various
Other
Ministries
Directorate
of
Economics
& Statistics
1
RECENT PROGRESS IN ECONOMIC STATISTICS AT NATIONAL LEVEL
 New Series of National Accounts Statistics with base year 2011-12 as per the guidelines of SNA 2008
 6th Economic Census reports released
 Latest counts of all establishments engaged in economic activities including unorganized sector
 Synchronised with Population Census 2011
 Services Price Indices revised for Banking, Railways, Air, Telecom and Postal Service
 House Price Index with base year 2011-12 released for monitoring the price movement of asset class
 Inter Ministerial Committee set up on Data exchange and developing an integrated statistical database
deliberated on issues related to metadata standards, data dissemination, classifications etc.
 Conference of Central and State Statistical Organisations (COCSSO), and Seminars with Academia
held for enhancing capacity of states and encouraging research on official statistics
STATUS OF CORE ECONOMIC STATISTICS
Core Indicators
PricePrice
and Costs
and
Costs
Demand
and
Demand
and Output
Output
Consumer price index (CPI)
Producer price index (PPI)
Commodity price index
External merchandise trade price indices
Wages / Earnings data
Labour costs index / Wage index
GDP (production) nominal and real
GDP (expenditure) nominal and real
External trade - merchandise
External trade - services
Short-term indicators (STI) - industry output
STI - services output
STI - consumer demand
STI - fixed investment
STI - inventories
Economic structure statistics
Productivity
RPES recomm.
Status
Quarterly
Quarterly
Monthly
Monthly
Monthly
Monthly
Monthly
Quarterly
Other
(Monthly for Rural sector)
Annually
Quarterly
Quarterly
Monthly
Monthly
Monthly
Quarterly/Others
Other
Quarterly
Other
Other
Other
Quarterly
Quarterly
Quarterly
Quarterly
Monthly
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
Every 5 years
Annually
2
STATUS OF CORE ECONOMIC STATISTICS
Core Statistics
Income
and Wealth
Income
and Wealth
Money
and Banking
Money
and Banking
Government
Government
LabourLabour
Market
Market
Natural Resources and
Natural Resources and
Environment
Environment
RPES Recomm
Status
Annually
Annually
Quarterly
Annually
Quarterly
Every 5 years
Annually
Annually
Quarterly
Quarterly
Quarterly
Other
Assets / liabilities of depository
corporations
Broad money and credit aggregates
Interest rate statistics
General government operations
General government debt
Labour supply and demand
Hours worked
Monthly
Monthly
Monthly
Quarterly
Quarterly
Annually
Quarterly
Fortnightly
Fortnightly
Weekly
Monthly
Monthly
Other
Annual
Natural resources
Annually
Annually
Integrated national accounts
Institutional sector accounts
Balance of payments (BOP)
International investment position (IIP)
External debt
Income distribution
CHALLENGES AHEAD ….
 Dynamic upgradation of Frame
 Availability of all relevant Economic Statistics and Indicators at State, District, and
Village Level
 Generation of Economic Statistics assessing the requirement of users
 Effective Collaboration beyond boundaries
…moving from milestone to milestone
3
MILESTONES PLANNED IN 2016-17
 Release IIP and WPI with revised base year 2011-12
 Mainstream data collection on services sector through Annual Survey of Services
 Ensure Data Quality standards through Common Minimum Meta Data Indicators
based on DQAF of IMF
 Disseminate Economic Statistics through National Factsheet
 Simplify National Data Dissemination Policy
 Use of upgraded technology to improve timeliness of data availability
THANKS
4