Short-term Economic Statistics Published by CSO, India

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Short-term Economic Statistics Published by CSO,
India

• Ramesh Kolli
• Deputy Director General
• Central Statistical Organisation

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Indian Statistical System

• Broadly decentralised - subject-wise as well as
  state-wise
• in accordance with the federal nature of the
  system of government in the country
• The MoSPI is the nodal agency for all statistical
  activities at all-India level.
• The State Directorates of Economics and
  Statistics (DESs) coordinate statistical
  activities at State level and keep liaison with
  MoSPI
• Respective Central Ministries coordinate with
  their counterpart Departments at State level

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Indian Statistical System

• Large-scale statistical operations are largely
  Central activities
• Population Census
• Economic Census
• Agricultural Census
• Livestock Census
• nation-wide sample surveys
• compilation of
• national accounts
• price indices
• industrial production

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Work Programme of MoSPI

• National Accounts Statistics
• Industrial Statistics
• Monthly index of industrial production
• Results of Annual Survey of Industries
• Compendium on energy statistics
• Reports on Economic Census
• Social Statistics
• Selected Socio-Economic Statistics, India
• Women and Men in India
• Compendium of Environment Statistics
• Price Statistics
• Sample Surveys
• General publications
• Monthly Abstract of Statistics
• Statistical Abstract
• Statistical Pocket Book
• India in Figures
• Guide to Official Statistics
• Directory of Statistics, India

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Special Data Dissemination Standards

• India is a subscriber since December 1996
• Overall coordinator M/Finance
• Real sector - MoSPI
• Fiscal sector MoF
• External and Financial - RBI

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Short-term Economic Statistics coordinated by the
MoSPI

• National Accounts
• Quarterly GDP estimates timeliness of 2 months,
  except Q1 (3 months)
• Production Index
• Monthly Index of industrial production (IIP)
  separately for mining, manufacturing and
  electricity (timeliness of 42 days)
• Prices
• Weekly Wholesale Price Index (WPI) (timeliness of
  2 weeks)
• Monthly Consumer Price Index for industrial
  workers (CPI-IW) (timeliness of one month)
• Monthly Consumer Price Index for
  Agricultural/Rural Labourers (CPI-AL/RL)
  (timeliness of 20 days)
• Monthly Consumer Price Index for Urban Non-Manual
  Employees (CPI-UNME) (timeliness of 25 days)
• Labour Market
• Labour market data is compiled once in 5 years
  through a full scale sample survey and annually
  through a thin sample survey. - as relevant
  option.

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Monthly Abstract of Statistics

• monthly production of selected minerals and
  industries
• consumption and stocks of selected raw materials
  and manufactured goods
• performance of railways, civil aviation, ports
  and shipping, postal and telecommunication
• tourist arrivals in India
• foreign trade
• quantum index numbers and unit value index
  numbers of imports and exports
• banking sector
• monthly accounts of central government
• new registrations and liquidations of joint stock
  companies

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Monthly Capsule Report on Infrastructure
Performance

• Power
• Coal
• Steel
• Railways
• Cargo handled at major ports
• Telecommunications (addition in switching
  capacity, telephone connections and cell phone
  connections)
• Fertilizers
• Cement
• Petroleum (crude oil, refinery and natural gas)
• Civil aviation (export cargo handled, import
  cargo handled, passengers handled at
  international terminals, passengers handled at
  domestic terminals)
• Roads (upgradation of highways).

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Short-term Economic Statistics released by the
RBI

• RBI releases a number of publications - weekly,
  monthly, quarterly, half-yearly, annual and
  occasional
• covering fiscal, financial and external sector
  statistics
• also include data released by other agencies on
  real and fiscal sectors
• RBI also maintains data warehouse, Database on
  Indian Economy Economy covering
• Financial Sector
• Real Sector
• Financial Market
• External Sector
• Public Finance
• Corporate Finance

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Monthly RBI Bulletin

• Releases statistics on 51 items, under
• Current Statistics General
• Money and Banking
• Government Accounts
• Government Securities Market
• Production
• Capital Market
• Prices
• Trade and Balance of Payments

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Weekly Statistical Supplement

• Reserve Bank of India - Liabilities and Assets
• Foreign Exchange Reserves
• Scheduled Commercial Banks - Business in India
• Cash Reserve Ratio and Interest Rates
• Accommodation Provided by Scheduled Commercial
  Banks to Commercial Sector in the form of Bank
  Credit
• Foreign Exchange Rates - Spot and Forward Premia
• Money Stock Components and Sources
• Reserve Money Components and Sources
• Repo/Reverse Repo Auctions under Liquidity
  Adjustment Facility
• Auctions of Government of India Treasury Bills
• Cumulative Cash Balances of Scheduled Commercial
  Banks with Reserve Bank of India
• Certificates of Deposit Issued by Scheduled
  Commercial Banks
• Commercial Paper Issued by Companies (At face
  value)
• Index Numbers of Wholesale Prices
• BSE Sensitive Index and NSE Nifty Index of
  Ordinary Share Prices - Mumbai
• Average Daily Turnover in Call Money Market
• Turnover in Government Securities Market (Face
  Value)
• Turnover in Foreign Exchange Market
• Weekly Traded Volume in Corporate Debt at NSE

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Short-term Economic Statistics released by MoF
others

• Ministry of Finance
• Central Government operations
• Central Government Debt
• Department of Commerce
• Imports and exports
• Department of Industrial Policy and Promotion
• weekly wholesale price index
• production of 6 infrastructure industries
• Ministry of Agriculture
• production of agricultural crops
• Ministry of Labour and Employment
• consumer price index numbers for industrial
  workers
• agricultural rural labourers
• wages
• employment
• Ministry of Petroleum and Natural Gas
• production of crude petroleum and natural gas
• refinery production/capacity utilization
• prices

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Status of data on some indicators

• Sales and Production of Automobiles
• production MoSPI
• (i) commercial vehicles, (ii) passenger cars,
  (iii) jeep type vehicles, (iv) scooter and
  mopeds, (v) auto rickshaws, (vi) motor cycles and
  (vii) bicycles
• Production, sales and exports SIAM
• commercial vehicles, cars, utility vehicles, two
  and three wheelers

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Prices for Energy Sector

• Ministry of Petroleum and Natural Gas
• oil prices and taxes
• Labour Bureau
• monthly prices of Kerosene
• Department of Industrial Policy and Promotion
• WPI
• coking coal, non-coking coal, coke, lignite,
  liquefied petroleum gas, petrol, kerosene,
  aviation turbine fuel, high speed diesel oil,
  light diesel oil, naptha, bitumen, furnace oil,
  lubricants, electricity (separately for domestic,
  commercial, agriculture, industry and railway
  traction)

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Labour Statistics

• MoSPI
• Large scale sample surveys on employment,
  unemployment and wages, once in 5 years
• Thin sample surveys every year
• Ministry of Labour and Employment
• employment in the organized sector
• minimum wages
• wage rates in rural India

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Building Statistics

• Population Census
• National Sample Surveys
• National Buildings Organisation
• building permits and completion certificates
  issued during a year from all towns with 100,000
  or more population

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Other aspects

• Relevance of existing international standards for
  India
• India attaches importance to these
• Subscribed to SDDS from the beginning
• Follows international classifications and other
  standards
• Links with Ministries of Finance, Central Bank
  and other Departments
• Allocation of business rules of Government of
  India
• Departments share databases
• Processes for identifying the requirements of
  users
• Advisory Committees, Governing Council
• Accessibility
• Simultaneous release all publications on
  internet site of MoSPI
• Transparency in the production of statistics
• Methodlogical notes, Metadata pages, ARC

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Revisions in some of the Short Term Economic
Statistics

• QGDP
• Quarterly GDP estimates/sectoral growth rates are
  not revised till the release of Q4 data (Q1, Q2
  and Q3 growth rates are revised first time with
  Q4 data)
• Thereafter, Quarterly GDP estimates are revised
  only alongwith the corresponding annual estimates
• IIP
• 1st, 3rd and 4th months
• CPI
• Not revised
• WPI
• Finalised after 8 weeks
• Merchandise trade
• Finalised after 8 months
• Balance of payments
• Finalised after 18 months

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Short-term Economic Statistics future plans

• Quarterly GDE estimates
• Absence of (i) quarterly enterprise surveys, (ii)
  quarterly retail trade statistics, and (iii)
  quarterly general government accounts
• use tax data, corporate sectors quarterly
  financial results and quarterly data on
  governments expenditures
• Producer prices
• To run parallelly for some time the two series,
  WPI and PPI
• Index of Service Production
• (i) business register preparation based on the
  recent Economic Census conducted in the country
  (2005) and the economy-wide surveys using this
  register as frame, (ii) tax data collected by the
  States, (iii) quarterly financial results
  announced by companies listed on the stock
  exchanges, and (iv) data on physical indicators
  of various services sectors, presently released
  by the respective administrative Ministries
• Quarterly Labour Market data
• Sub-round-wise data collected
• Seasonally adjusted data

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• Thanks