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Core Sector data and IIP (Index of Industrial Production)

Core Sector Growth at 5.5% Part of: GS Prelims and GS-III-Economic data According to the data released by the Ministry of Commerce and Industry, the eight core sector industries recorded a growth of 5.5% in February, 2020 which is highest in 11-months. Key Points This spike is because of growth in refinery products, electricity, fertiliser, cement and coal production. However, crude oil, natural gas, and steel recorded negative growth

03 April, 2020 Economic Data

Fall in IHS Markit

Fall in IHS Markit Part of: GS Prelims and GS-III- Economy Data The IHS Markit India Services Business Activity Index (i.e Service Purchasing Managers’ Index (PMI)) was at 49.3 in March, down from February’s 85-month high of 57.5. Important The Index is compiled by IHS Markit for more than 40 economies worldwide. IHS Markit is a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide.

08 April, 2020 Economic Data

COVID-19 and World reports

COVID-19 and World reports Part of: GS Prelims and GS-III- Economy (PT-MAINS-PERSONALITY TEST) 1. Asia Development Bank assures India 2.2 billion support to fight COVID: Asian Development Bank today assured India of 2.2 billion US dollar support to fight against the COVID-19 pandemic. The financial support of about 16,500 crore rupees. In a call, Asakawa commended the Indian Government's decisive response to the pandemic, including a National Health Emergency programme. He commended ta

13 April, 2020 Economic Data

March core sector output slumps 6.5%- Index of Core Industry

March core sector output slumps 6.5% Part of: GS-III- Economic data (PT-MAINS-PERSONALITY TEST) Output at India’s core sector contracted by 6.5% in March, Commerce Ministry data show, reflecting the early impact of the COVID-19 pandemic and the subsequent nationwide lockdown. Important Points The index of eight core sector industries, which form 40% of the weight of items included in the broader Index of Industrial Production (IIP), reflected a contraction in key parts o

01 May, 2020 Economic Data

R&D Statistics and Indicators

R&D Statistics and Indicators Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST) According to the Research & Development (R&D) Statistics and Indicators 2019-20 report, India’s gross expenditure in R&D has tripled between 2008 & 2018 and scientific publications have risen placing the country internationally among the top few. The R&D Statistics and Indicators 2019-20 is based on the national S&T survey 2018 brought out by the Nationa

04 May, 2020 Economic Data

Open Budget Survey 2019

Open Budget Survey 2019 Part of: GS-III-Economy (PT-MAINS-PERSONALITY TEST) Recently, the International Budget Partnership (IBP) has released an Open Budget Survey (OBS) 2019. The survey evaluates each country on the basis of the availability of key budget documents of the Central or Federal Government, and assesses whether these are made public, in a timely manner, and provide comprehensive information. Open Budget Survey The Open Budget Surv

04 May, 2020 Economic Data

India’s manufacturing sector activity hits record low in April amid lockdown: PMI Survey

India’s manufacturing sector activity hits record low in April amid lockdown: PMI Survey Part of: GS-III- Economic data (PT-MAINS-PERSONALITY TEST) The country's manufacturing sector activity witnessed unprecedented contraction in April amid national lockdown restrictions, following which new business orders collapsed at a record pace and firms sharply reduced their staff numbers, a monthly survey said. The headline seasonally adjusted IHS Markit India Manufacturing Purch

05 May, 2020 Economic Data


LEADS Index Logistics Ease Across Different States (LEADS) index is a composite indicator to assess international trade logistics across states and Union territories. It is based on a stakeholders’ survey conducted by Deloitte for the Ministry of commerce and industry. Gujarat topped the first-of-its-kind index, Punjab and Andhra Pradesh took the second and third positions, respectively. The index is loosely based on the World Bank’s biannual Logistics Performance Index (L

27 May, 2020 Economic Data


CriSidEx India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL & SIDBI here today. CriSidEx is a composite indexmeasures MSE business sentiment. Its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies.

08 June, 2020 Economic Data


INDIA’S FOREIGN TRADE India’s overall exports (Merchandise and Services combined) in April-May2020-21* are estimated to be USD 61.57billion, exhibiting a negative growth of (-) 33.66 per cent over the same period last year. Overall imports in April-May 2020-21* are estimated to be USD 57.19 billion, exhibiting a negative growth of (-) 48.31per cent over the same period last year. MERCHANDISE TRADE EXPORTS (including re-exports) Exports inMay2020 were USD19.05bi

16 June, 2020 Economic Data

Statistics Day

“Statistics Day” to be celebrated on 29th June, 2020   Theme: SDG- 3 (Ensure healthy lives and promote well-being for all at all ages) & SDG- 5 (Achieve gender equality and empower all women and girls) The Government has been celebrating the Statistics Day, to popularise the use of Statistics in everyday life and sensitise the public as to how Statistics helps in shaping and framing policies. It has been designated as one of the Special Days to be celebrated a

29 June, 2020 Economic Data

National Statistics Day

National Statistics Day This year, the Statistics Day (29th June) will be celebrated virtually, in view of the travel and safety advisories on account of the global Covid-19 pandemic. Imp Points Every year, the Statistics Day is celebrated on 29th June, the birth anniversary of Prof. Prasanta Chandra Mahalanobis, to recognise his invaluable contribution in establishing the National Statistical System. Aim To popularise the

30 June, 2020 Economic Data

Purchasing Managers’ Index (PMI)

Purchasing Managers’ Index (PMI) GS-Paper-3 Data (PT-Facts) According to the recent IHS Markit India Manufacturing Purchasing Managers’ Index (PMI), India’s manufacturing sector activity contracted at a faster pace in July 2020 than in June 2020. Manufacturing PMI: It stood at 46 in July 2020, down from 47.2 in June 2020. In PMI parlance, a score above 50 means growth, while a score below that denotes contraction. This is the fourt

05 August, 2020 Economic Data

Reviving the economy

Reviving the economy Context: In light of the poor quarterly GDP numbers for Q1 2020-21, the article analyzes the critical macro-economic indicators for the Indian economy and suggests remedial measures. The quarterly GDP growth rate for Q1 2020-21 has recorded a historic low.  Gross Fixed Capital Formation: As per RBI, Gross Capital Formation refers to the ‘aggregate of gross additions to fixed assets plus the change in stocks during the counting period.’

08 September, 2020 Economic Data

Economic Data

Economic Data Fitch Ratings on Wednesday said India’s medium-term growth potential is at about 6.5% but weak implementation of reforms, combined with continued financial sector problems, could lower its potential. It said the revival of the reform agenda is among the Indian government’s policy responses to the COVID-19 pandemic shock. ‘Partially offset’ “If implemented effectively, we believe these reforms may help to support India’s medium-

21 January, 2021 Economic Data

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