Latest news with #statisticsandprogrammeimplementation
Time of India
a day ago
- Business
- Time of India
MoSPI launched GOIStats app to boost access to official data
The GOIStats mobile application, launched by the Ministry of Statistics and Programme Implementation, aims to enhance accessibility to official data, featuring key socio-economic indicators. This initiative, coinciding with the 19th Statistics Day, underscores technology's role in transforming India's statistical system. The ministry also released reports on sustainable development goals, highlighting progress and persistent challenges across various sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The National Sample Survey Office , under the ministry of statistics and programme implementation ( MoSPI ), launched the GOIStats mobile application on Sunday, aiming to make official data more app features a dashboard titled 'Key trends', which provides information on key socio-economic indicators such as inflation, gross domestic product (GDP), and employment.'Advanced filtering and search capabilities with comprehensive metadata, and mobile-optimized data tables are also available for seamless viewing,' the ministry app was launched on the occasion of the 19th statistics Minister of State (Independent Charge), Rao Inderjit Singh highlighted the growing role of technology in transforming India's statistical system for real-time data monitoring He also underlined the importance of methodological reforms like updated sampling techniques, integrated survey frameworks, and harmonisation with international technology-driven approach to data dissemination is reshaping the landscape of data-based policymaking, contributing to the vision of Viksit Bharat , said Saurabh Garg, secretary, ministry also released three publications -- National Indicator Framework Progress Report, 2025; Data Snapshot on Sustainable Development Goals , National Indicator Framework, Progress Report, 2025; and Sustainable Development Goals National Indicator Framework, SDG report noted that while India has made strides on various indicators, challenges remain.'While notable progress has been made in several sectors over the years, significant challenges continue to persist in others,' according to the population covered by social protection increased to 64.3% in 2025 from 22% in 2016. The share of population using an improved drinking water source in rural areas rose to 99.6% in 2024-25 from 94.6% in 2015-16.
Time of India
11-06-2025
- Business
- Time of India
For more accurate data, IIP to use chain-based approach
The government is set to revamp the Index of Industrial Production. A chain-based mechanism will be adopted for enhanced data accuracy. Weights will be revised more frequently, potentially every 1.5-2 years. The base year will be updated to 2022-23, with a new series expected in 2026-27. Retail inflation item weights will also be updated more regularly. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The government plans to switch to a chain-based mechanism for the Index of Industrial Production (IIP) to enhance the accuracy and relevance of ministry of statistics and programme implementation (MoSPI) is exploring the idea of a chain-based IIP index, where weights will be revised more frequently to reflect changes within the industrial weights assigned to items in the IIP are derived from the Annual Survey of Industries (ASI) conducted by MoSPI."We plan to revise the weights every 1.5-2 years," said a government official. The official also mentioned that a back series will be maintained for comparison.A chain-based index measures economic change over time by linking successive periods with the previous year's present, the ministry is working to update the base year to 2022-23 from 2011-12, with weights based on the ASI 2022-23. The new series is likely to be released in chain-based index is followed by many countries internationally and a previous working group on IIP considered this approach when revising the base year in 2017. However, it found challenges in updating weights every time the industry code structure is the current IIP series, manufacturing accounts for 77.633 weight, followed by mining at 14.373 and electricity at the ministry aims to update item weights in the retail inflation basket every four years, using data from the Household Consumption Expenditure Survey (HCES). The ministry has also decided to conduct HCES every three years instead of the current five years. The most recent survey was conducted in the government initially decided to use HCES 2022-23 data to update weights for the new Consumer Price Index (CPI) series, it is now considering HCES 2023-24 (August-July), as more recent data is available.
Time of India
06-06-2025
- Business
- Time of India
New stats register soon to help gauge business outlook
The government is set to launch a Statistical Business Register (SBR) to compile data on businesses at the district and state levels. This initiative by the Ministry of Statistics and Programme Implementation (MoSPI) aims to improve business surveys and market analysis. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The government will soon launch a Statistical Business Register SBR ) that will host data on the number of businesses operating in districts, aggregating up to state ministry of statistics and programme implementation (MoSPI) will use the SBR to prepare business outlook/sentiment surveys, people aware of the details told ET.A dedicated working group has been formed in the ministry for developing the comprehensive SBR dataset would capture business demography across size, industry, number of employees and geographical is expected to serve as a framework for enterprise surveys, market analysis (identifying demand areas and investment potential), policy analysis, gross domestic product (GDP) estimation, industrial performance, employment and growth SBR will source data from the Employees' Provident Fund Organisation (EPFO), corporate affairs ministry's database, goods and services tax (GST) data and annual survey of industries (ASI), ET reported the Economic Census will be used to provide organised and unorganised sector SBR is expected to be updated on a quarterly or monthly basis, depending on the feasibility, an official aware of details initiative aligns with the United Nations Statistics Division (UNSD) recommendation of creating an SBR, which has been adopted by more than 60% of developing countries. The current business statistics suffers from non-uniformity, fragmentation, duplication of units and absence of unified data repository.
Mint
20-05-2025
- Business
- Mint
India's core sector output grows 0.5% in April, the lowest in eight months
New Delhi: The output of eight core infrastructure sectors, which account for two-fifths of India's industrial output, expanded by 0.5% annually in April, its lowest in the last eight months. It was recorded at 6.9% in April 2024, while the growth in March 2025 was revised from 3.8% to 4.6%. Only two of the eight core industries—coal and natural gas—reported a sequential rise in production during April, according to the provisional data released by the ministry of commerce and industry on Tuesday. Core sector output contributes 40.27% to the Index of Industrial Production (IIP). To be sure, India's industrial production rebounded in March, recovering from a six-month low in February, according to provisional data released by the ministry of statistics and programme implementation (MoSPI) last month. Industrial output rose 3% year-on-year in March, slightly above the 2.9% growth in February. The previous low, recorded in August 2024, was zero. Interestingly, of the eight core industries, only coal and natural gas registered a month-on-month increase in production in April. Coal output rose by 3.5% annually in April, up from 1.6% growth registered in the previous month. Natural gas production rose 0.4%, compared to a contraction of 12.7% in March. Production in three sectors -- crude oil, refinery products and fertilisers -- contracted in April. Crude oil production contracted by 2.8% annually in April, compared to a 1.9% contraction in March. Refinery production contracted 4.5% in April, against a 0.2% growth registered in the previous month. Fertiliser production contracted 4.2%, compared to an 8.8% growth in March. Production of steel, cement and electricity reported growth in April, albeit slower than the previous month. During April, steel production reported a 3% growth, cement 6.7%, and electricity 1%. Interestingly, India's manufacturing sector expanded at its fastest pace in 10 months in April, driven by strong demand and a sharp rise in output. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 58.2 in April from 58.1 in March and 56.3 in February. The index was at 57.7 in January and 56.4 in December. A reading above 50 indicates expansion, and below 50 a contraction. "The core sector growth at 0.5% is quite disappointing, even though the base effect was strong," said Madan Sabnavis, chief economist at the Bank of Baroda. "The infrastructure-based industries, cement and steel, had registered growth of 6.7% and 3% respectively. Construction activity has helped in keeping output ticking," he said. "Electricity production increased by 1%, which was affected by the high base of 10.2% last year. May was otherwise an exceptionally hot month where household consumption increased," he added.
Time of India
29-04-2025
- Business
- Time of India
Corporate capital spending in India set to drop by 25% in 2025-26: Survey
The private corporate sector's planned capital spending is expected to shrink by nearly 25% in 2025-26, falling to Rs 4.88 lakh crore from Rs 6.56 lakh crore in the current financial year, according to a government survey released on Tuesday. The Forward-Looking Survey on Private Sector CAPEX Investment Intentions, conducted by the ministry of statistics and programme implementation (MoSPI) between November 2024 and January 2025, revealed a cautious outlook among enterprises regarding future investments. The study also reflected past figures, Rs 3.94 lakh crore in 2021-22, Rs 5.72 lakh crore in 2022-23, and Rs 4.22 lakh crore in 2023-24. The report is based on data from 2,172 enterprises that consistently shared investment details over five years. Despite the projected fall for FY26, aggregate capex across the four-year period from 2021-22 to 2024-25 showed a 66.3% increase, and a 23.9% rise when FY25-26 intentions are factored in. The average gross fixed assets (GFA) per enterprise rose steadily, from Rs 3,151.9 crore in 2021-22 to Rs 4,183.3 crore in 2023-24, with the electricity, gas, steam, and air conditioning sector showing the highest average at over Rs 14,000 crore, followed by manufacturing, where per-enterprise assets ranged from Rs 7,000 to Rs 10,000 crore. Manufacturing companies accounted for over 65% of total GFAs during 2021-22 to 2023-24, while the utilities sector made up 8–10%. In 2024-25, manufacturing continues to dominate capital spending intentions, comprising 43.8% of the Rs 172.2 crore average capital expenditure per enterprise, followed by information and communication (15.6%) and transportation and storage (14%). Machinery and equipment purchases made up over half, 53.1%, of the total provisional capex in 2024-25. Meanwhile, 40.3% of enterprises reported plans to invest in core assets, 28.4% in enhancing existing assets, and smaller proportions in opportunistic and debt-linked strategies. The survey also revealed the motives behind capex: nearly half (49.6%) of the enterprises are investing primarily for income generation, while 30.1% are focused on technological upgrades. Only 2.8% cited diversification as their reason for investing. The national statistical office (NSO) carried out this inaugural forward-looking capex survey, following a 2022-23 recommendation from the Parliamentary Standing Committee to improve the scope and depth of private sector investment data. Covering over 5,300 enterprises from both Census and sample sectors, the survey provides one of the most detailed pictures yet of India Inc.'s capital expenditure landscape. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
