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Economic Statistics in India1 2 National Statistical Website: http://mospi.nic.in/ World Bank Economic Grouping: Lower middle-income Population (millions, 2014): 1,267 2 GDP per capita (2005 PPP, 2012): 3,341 Coordination Advocacy ▪ Agencies involved in economic statistics: ○ Central Statistics Office ○ Directorate General of Commercial Intelligence and Statistics ○ National Sample Survey Office ○ Office of Economic Adviser ○ Reserve Bank of India ▪ NSO Strategic Plan is being implemented ▪ No Statistical law indicating distribution of responsibilities for producing official statistics in existence ▪ Decentralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of production of economic statistics ▪ Publication policies in place and available to users/staff ▪ Contact points publicized for each statistical subject area ▪ User consultations are organized by producers of economic statistics ▪ Awareness of relevance, among users, of official statistics to economic policy making is considered sufficient and there are activities in place to improve upon it International Collaboration ▪ Interested in participating in RPES as both a provider and a recipient of technical assistance ▪ Not currently involved in any international cooperation projects to build capacity for economic statistics* ▪ Participant in International Comparison Programme for calculating purchasing power parities since 1970 Statistical Infrastructure Key Collections/Compilations Frequency Timeliness National Accounts Quarterly 2 months Balance of Payments Quarterly 3 months Labour Force Survey Annually 12 months Household Income/Expenditure Survey Every 5 years 12 months Enterprise/Establishment Survey Annually 12 months Population Census Every 10 years 1 month Economic Census Indefinite 12 months Agricultural Census Every 5 years 6 months Standards/Classifications - SNA 1993 (2008 planned) - ISIC Rev. 4 - NPCMS/NPCSS - COICOP - COFOG - BoP coherent with BPM6 × No quality assessment framework is available nor is implementation planned × No centralized national metadata repository is available, but metadata accompanies statistical releases × No centralized business register is currently used, but one is planned Established methods for identifying ‘births’ and ‘deaths’ of businesses IT systems are considered adequate for producing the Core Set of Economic Statistics 1 This national summary was prepared by ESCAP Statistics Division in November, 2013. Results of the Capacity Screening questionnaire were received in November, 2013 from 50 of the 58 member countries who were contacted. Further information on RPES and the Core Set is available here: http://www.unescap.org/official-documents/committee-on-statistics/session/2 2 ESCAP Statistical Yearbook for Asia and the Pacific 2014: http://www.unescap.org/resources/statistical-yearbook-asia-and-pacific-2014 Technical Skills × Human resources are not considered adequate for producing the Core Set Documentation of internal processes and staff manuals are available Reported frequencies for indicators in the Core Set compared to RPES recommendations Table Legend Meet or Exceed Recommendations Price and Costs Demand and Output Income and Wealth Money and Banking Government ● Below Recommendations × Unavailable or No Response Core Indicator Reported Freq. RPES recommendations Consumer price index (CPI) Monthly Quarterly Producer price index (PPI) Monthly Quarterly Commodity price index Monthly Monthly External merchandise trade price indices Quarterly Monthly ● Wages / Earnings data Other Quarterly ● Labour costs index / Wage index Annually Quarterly ● GDP (production) nominal and real Quarterly Quarterly GDP (expenditure) nominal and real Quarterly Quarterly External trade – merchandise Monthly Monthly External trade – services Monthly Quarterly Short-term indicator (STI) - industry output Monthly Quarterly STI – services output Other Quarterly ● STI – consumer demand Unavailable Quarterly × STI – fixed investment Unavailable Quarterly × STI – inventories Unavailable Quarterly × Economy structure statistics Other Every 5 years ● Productivity Other Annually ● Integrated national accounts Annually Annually Institutional sector accounts Annually Annually Balance of payments (BOP) Quarterly Quarterly International investment position (IIP) Quarterly Annually External debt Quarterly Quarterly Income distribution Other Every 5 years ● Assets / liabilities of depository corporations Monthly Monthly Broad money and credit aggregates Monthly Monthly Interest rate statistics Weekly Monthly General government operations Annually Quarterly ● General government debt Annually Quarterly ● Labour supply and demand Other Annually ● Labour Market Hours worked Other Quarterly ● Natural Resources and Environment Natural resources Annually Annually Summary of Responses to all 31 Indicators in the Core Set (comparison of two columns in the table above) Meet or Exceed Recommendations 17 Below Recommendations Unavailable or No Response 11 3
