MINISTRY OF STATISTICS

In May this year, 458 infrastructure projects in India, each with an investment of Rs 150 crore or more, experienced a cost overrun totaling more than Rs 5.71 lakh crore, according to an official report. The Ministry of Statistics and Programme Impl...

The total original cost of implementation of the 1,838 projects was Rs 27,64,246.50 crore, and their anticipated completion cost is likely to be Rs 33,19,601.84 crore, which reflects an overall cost overrun of over Rs 5,55,355.34 (20.09 per cent of ...

The lowest reading comes a week before the central bank meets to review the key rate which has remained at a historic high of 22% for seven straight policy meetings.

Samsung Electronics in wage negotiations with union since January, failed to narrow differences, known for producing high-end memory chips for generative AI.

​​The survey, which covered 22 states and Union territories, identified Jammu & Kashmir, Telangana, Rajasthan, and Odisha as other states with high unemployment rates in this age category.

India's Indian Staffing Federation (ISF) has called for a reduction in the 18% tax on recruitment agencies providing outsourced staff to big companies. The ISF, which provided 1.6 million outsourced workers to companies last year, believes the new g...

China's housing prices dropped in the first four months of the year, while factory output increased by almost 7%. This has lead to officials planning new measures to boost the struggling property industry. The National Bureau of Statistics noted ins...

RBI MPC Meeting: India's steady inflation and the threat of rising food prices are likely to delay any interest rate cuts by the central bank. Consumer prices rose 4.83% in April, close to economists' expectations. The Reserve Bank of India has main...

The total original cost of these projects was Rs 26,87,535.69 crore, but their anticipated completion cost is expected to be Rs 31,88,859.02 crore, representing an 18.65% increase. The report noted that out of 1,873 projects, 779 were delayed, with ...

The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 5.2 per cent in March 2024, from 5 per cent in February.​​

In April 2023-24, company registrations fell 3.7%, while LLPs surged 36%. The trend continued from the previous year, reflecting optimism and growth prospects despite technical challenges and a high base effect.

Household savings saw a third consecutive decline in FY24, dropping by Rs 9 lakh crore to Rs 14.16 lakh crore by FY23, per MoSPI data. ICRA's Aditi Nayar attributed this to a 73% rise in liabilities during 2022-23. Yet, there's optimism for FY25 as ...

The net household savings declined to Rs 17.12 lakh crore in 2021-22 and dipped further to a five-year low of Rs 14.16 lakh crore in 2022-23.

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place. Net income was 102.27 billion riyals ($27.27 billion), down from 119.54 billion riyals ...

The National Statistical Commission's new steering committee will convene its inaugural meeting next week to discuss enhancing data quality and expanding statistical coverage. The agenda includes outlining objectives and focus areas for future surve...

India's Index of Industrial Production (IIP) increased by 5.7% in February, up from 3.8% in January, according to data from the Ministry of Statistics and Programme Implementation (MoSPI). December 2023 saw a 4.2% IIP growth. Power generation rose b...

India's Chief Economic Advisor, V Anantha Nageswaran, predicts the real GDP growth for FY24 to be around 8%, surpassing the Ministry of Statistics' estimate of 7.6%. Nageswaran highlights optimism in industry and services, cautioning against complac...

India's statistics have come under criticism from multiple quarters over quality issues and lag in releases. A paper published by the prime minister's economic advisory committee last year had criticised the National Sample Surveys, which are used f...

Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) saw a slight decrease in February compared to the previous year, marking the fourth consecutive month of moderation. Approximately 26.21 million individual...