New Delhi, June 2 (IANS) The government is set to revise the base year of the Wholesale Price Index (WPI) to 2022-23 and launch the Producer Price Index (PPI), a significant step towards updating India’s inflation measurement framework.In addition, the government has invited the media to a briefing on the matter on Tuesday, which will be addressed by DPIIT Principal Economic Adviser Praveen Mahto.“We have used WPI 2022-23 data, which has been made available internally to us, so that we do no…
Latest MoSPI News & Updates
New Delhi, May 16 (IANS) The Ministry of Statistics & Programme Implementation (MoSPI) is developing a framework to measure the contribution of knowledge and knowledge products to the Indian economy, an official statement said on Saturday.The framework is needed due to rapid technological change and complex skill demands that make such an assessment essential, the statement from the MoSPI said.The exercise addresses the growing centrality of knowledge in economic activity and will help formu…
New Delhi, April 24 (IANS) Ministry of Statistics and Programme Implementation (MoSPI) proposed an initiative to publish dedicated city‑level statistical reports for the country’s 47 million‑plus cities, to provide more granular data for urban policy and planning, an official statement said on Friday.The ministry said that 47 million‑plus cities will be identified as per Population Census 2011, and the reports will use existing data from the Periodic Labour Force Survey (PLFS) and the An…
New Delhi, April 24 (IANS) The Ministry of Statistics and Programme Implementation (MoSPI) on Friday said that it has strengthened oversight of large-scale infrastructure development through its PAIMANA platform, which is currently tracking 1,941 central sector projects worth Rs 41.50 lakh crore as of March. The government said the digital monitoring system is enhancing transparency, enabling timely reviews, and supporting data-driven decision-making across ministries.According to the latest upd…
New Delhi, April 15 (IANS) India’s overall labour force participation rate (LFPR) of people aged 15 years and above, which is an indicator of employment, remained steady at 55.4 per cent in March this year compared to 55.9 per cent in February, according to a statement issued by the Ministry of Statistics on Wednesday.The Worker Population Ratio (WPR) in the age group 15 years and above, which also reflects the level of employment, remained broadly stable in urban areas in March this year. The o…
New Delhi, March 23 (IANS) The government on Monday said that India Inc has lined up capital expenditure (CAPEX) plans worth over Rs 11 lakh crore for the current financial year 2025-26, highlighting strong investment momentum in the private corporate sector.According to a survey by the National Statistical Office (NSO) released by the Ministry of Statistics & Programme Implementation (MoSPI), conducted between October and December 2025, the provisional aggregate CAPEX for FY26 is estimated …
New Delhi, March 12 (IANS) India’s inflation rate, based on the new Consumer Price Index (CPI) series with 2024 as the base year, edged up to 3.21 per cent for February compared to the same month of the previous year, according to data released by the Ministry of Statistics on Thursday.There was an increase of 0.47 per cent in the CPI inflation in February compared to the revised figure of 2.74 per cent for January this year, when the new series was launched. However, there was a more than 10 pe…
New Delhi, Feb 27 (IANS) Chief Economic Advisor (CEA) V. Anantha Nageswaran on Friday said there is no doubt that India will become the third largest economy in the course of the next few years, as the country’s real GDP growth rate was estimated at 7.8 per cent for Q3 FY26 in the new series with 2022-23 as the base year, and 7.6 per cent for the full financial year.Answering an IANS question at a press conference here, Nageswaran said that our growth rate post-Covid has been probably one of the…
New Delhi, Feb 24 (IANS) A sub-committee set up by the Ministry of Statistics and Programme Implementation (MoSPI) has recommended enhanced use of GST data in the new series for GDP estimates with 2022-23 as the base year. The report of the sub-committee on the incorporation of new data sources, rates, and ratios, released on Tuesday, forms part of the process launched by MoSPI to revise the base year of the National Accounts to FY 2022–23.The new series (Base: 2022–23) is scheduled to be re…
New Delhi, Jan 28 (IANS) The government on Wednesday released a discussion paper which outlines the proposed methodology for seasonal adjustment of the Index of Industrial Production (IIP).The Ministry of Statistics and Programme Implementation (MoSPI) is undertaking the base revision exercise of the IIP.In the process, it is revisiting methodologies, exploring new data sources and incorporating changes after comprehensive consultations with the experts, academicians, users and other stakeholder…