Pulse of the economic system: Centre to launch a number of statistical findings in subsequent few months

Quite a few vital experiences on financial knowledge are more likely to be launched within the subsequent few months which might be anticipated to provide a clearer image on how the economic system has been performing. The annual Periodic Labour Drive Survey (PLFS) for 2023-24 in addition to the Annual Survey on Industries (ASI) 2022-23 are scheduled to be launched in September.  

The Ministry of Statistics And Programme Implementation may also launch the factsheets for the Annual Survey on Unincorporated Sector Enterprises (ASUSE) for 2023-24 and the Family Shopper Expenditure Survey (HCES) 2023-24 in December. The detailed experiences for these two surveys will probably be launched within the following month in January 2025.

The detailed report on the time use survey is anticipated to be launched by the top of March 2025.

These experiences will present wealthy knowledge on how the economic system has been shaping up in recent times by way of development and investments by formal and casual sector enterprises and companies, job creation in addition to spending by households on varied merchandise. A few of them additionally present inputs for different statistical workouts together with the updating of the buyer value index basket in addition to nationwide accounts statistics. The information additionally guides the federal government in higher concentrating on of schemes or arising with new initiatives.

The annual PLFS report, which is the official statistics on job creation, will give a complete image on employment and unemployment developments throughout the nation final fiscal. As per the final annual PLFS report, the unemployment fee dipped to three.2% in 2022-23 from a excessive of 6% in 2017-18.

The Annual Survey on Industries offers full knowledge on the variety of industries within the nation in addition to insights into the dynamics of change within the composition, development and construction of assorted manufacturing industries by way of output, value-added, employment, capital formation and a number of different parameters. In addition they present inputs for the Nationwide Accounts Statistics.

The ministry has additionally just lately launched the ASUSE experiences for 2021-22 and 2022-23 that confirmed the influence of the Covid-19 pandemic on casual sector enterprises or the micro, small and medium enterprises. The findings of the HCES survey for 2022-23 was additionally launched just lately and the second report is awaited. The experiences of the 2 rounds of surveys will probably be used for updating the CPI basket.

The time use survey additionally offers essential knowledge on how women and men use their time for various actions and their contribution to the economic system by way of paid and unpaid work.  It additionally offers data on the time spent in unpaid caregiving actions, unpaid volunteer work, unpaid home service producing actions of the family members.