MoSPI replaces WPI with PPI for GDP deflation to improve India’s economic data accuracy. Learn about Producer Price Index, GDP deflator, WPI differences, and exam-important economic reforms for UPSC, Banking, SSC, Railways and other government exams. Government Plans Major Reform in Inflation Measurement The Ministry of Statistics and Programme Implementation (MoSPI) has announced plans to…
India Services Production Index explained in detail. Learn about India’s first Monthly Services Production Index, its objectives, base year, features, significance, and exam relevance for UPSC, SSC, Banking, Railways, Defence, and State PSC aspirants. India Introduces a New Economic Indicator for the Services Sector In a significant step towards improving economic data collection and policy…
Indian Economy Grew by 8.2% in FY 24: NSO The National Statistical Office (NSO) has released its latest report indicating that the Indian economy grew by 8.2% in the fiscal year 2023-24. This impressive growth rate has significant implications for various sectors and the overall economic landscape of India. Here is an in-depth analysis of…
India unemployment rate decline : India’s Unemployment Rate Declined to Four-Month Low at 7.14% in January India’s unemployment rate for the month of January 2023 has declined to a four-month low of 7.14%, according to the Centre for Monitoring Indian Economy (CMIE). This is a significant improvement from the unemployment rate of 8.01% recorded in…
