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GDP numbers for FY24 show discrepancies of Rs 2.59 trillion: NSO data

Discrepancies in computation of advance estimates of the country's Gross Domestic Product for 2023-24 stood at Rs 2.59 lakh crore as against (-) Rs 3.80 lakh crore in 2022-23 and (-) Rs 4.47 lakh crore in 2021-22, according to National Statistical Office (NSO). On Friday, the NSO released its first advance estimates of national accounts which showed that the Gross Domestic Product (GDP) or Indian economy will grow at 7.3 per cent in 2023-24, slightly higher than 7.2 per cent in 2022-23. According to data, there were discrepancies of Rs 2.59 lakh crore as against (-) Rs 3.80 lakh crore in 2022-23 and (-) Rs 4.47 lakh crore in 2021-22. Discrepancies in the statistical GDP data refer to the difference in national income under production method and expenditure method. According to experts, there will always be some discrepancies in national accounts because of delay in reporting of information by various agencies including state governments. About the high level of discrepancies in th

India's GDP may grow 7.3% in FY24: Govt's first advance estimates

Construction, manufacturing likely key drivers; weak consumption growth among major concerns

NPS adoption dips to 4 month low in October amid corporate slowdown: NSO

Since the union government has mandated the NPS for all its new employees, this can be used as a proxy to gauge fresh recruitments at the central level

IIP surges 11.7% in October; retail Inflation jumps to 5.55% in November

IIP surges 11.7% in Oct; uptick in food prices lifts retail inflation to 5.55% in Nov

NPS adoption by govt employees hit 6-month high in September: NSO data

Earlier, 85,586 new subscribers had joined the NPS in March

IIP growth slows down to 3-month low of 5.8% in September: NSO data

The growth in manufacturing output decelerated to 4.5 per cent, whereas output in electricity and mining accelerated to 9.9 per cent and 11.5 per cent respectively from last month

Annual survey on informal sector to begin, despite delays in prior reports

Ministry of Statistics & Programme Implementation believes that the use of computer-based survey may expedite the results of the 2023-24 Annual Survey on Unincorporated Sector Enterprises

Why income support schemes tend to elude tenant farmers: Grassroots studies

PM-Kisan is a central government scheme of 2018 that gives Rs 6,000 a year as minimum income support to small and marginal farmers

NPS adoption by govt sector at 5 month high in August, shows NSO data

Earlier, 85,586 new subscribers had joined the NPS in March 2023

Sept retail inflation at 3-mnth low of 5.02%; Aug IIP growth rises to 10.3%

Food inflation also declined to a three-month low of 6.56 per cent in September from 9.94 per cent in August

Salaried employment slips in 12 major states, UTs, shows PLFS data

It's widely held that salaried roles, which guarantee consistent wages, offer better job security than casual positions or self-employment

India's jobless rate at 6-year low; wage employment share shrinks

The unemployment rate under the so-called "usual status" during the one-year period declined for the fifth consecutive year since its launch in April 2017

Urban jobless rate falls for second consecutive quarter to 6.6 % in Q1

The jobless rate in urban areas had been on a continuous decline since the high of 12.6 per cent recorded in the Covid-affected April-June quarter of FY22

Fresh NPS corporate subscribers at 12-month high in July, shows NSO data

Of the 29,333 subscribers under the corporate sector, three-fourths of the subscribers belonged to the age group of 29 years and above

India's August retail inflation eases to 6.83%, but still above RBI band

In the IIP, nine of the 23 manufacturing industries, such as apparel, wood, paper, chemicals and electronics, witnessed contraction in July

Fresh corporate NPS subscribers decline 26% during Jan-June: NSO data

A cumulative total of 77,140 new subscribers embraced the NPS under the corporate component this year, a drop from 104,447 last year

IIP growth in June slows to three-month low of 3.7%, shows NSO data

Growth in manufacturing output decelerated to 3.1 per cent, whereas that in electricity and mining accelerated to 4.2 per cent and 7.6 per cent, respectively, from last month

NPS adoption by CPSEs decreases 42.5% to a five-month low in May

The share of women subscribers improved marginally to 22.2 per cent, from 21.9 per cent in April

Dung a cash cow, more valuable than cattle fodder, says NSO report

Except for a slight decline between FY17 and FY18, the output value of livestock dung experienced consistent growth in 10 years

Growth momentum may have sustained in Q4, says FM Nirmala Sitharaman

The National Statistical Office (NSO) will release the March quarter gross domestic product (GDP) data on May 31