Interaction with Forecasters & Economists of GDP and CPI to be held on 24th September,2024 in Mumbai

Ministry of Statistics and Programme Implementation (MoSPI) is organizing an interaction with Forecasters & Economists of GDP and CPI on 24^th September, 2024 in Mumbai.

The objective of the interaction is to seek feedback and suggestions of the Forecasters and Economists who are actively using GDP and CPI data for making these indices more robust and effective from. This interaction will provide an opportunity to MoSPI to share with the stakeholders the proposed improvements which are expected to be incorporated during Base revision exercise of both the indices. This will invigorate the exchange of views/insights and sharing of expertise related to GDP and CPI among the stakeholders.

In this backdrop, Interaction with Forecasters & Economists of GDP and CPI assumes greater significance to deliberate on the various aspects of these indicators’ methodologies along with data sources in more collaborative approach to the MoSPI and Forecasters & Economists of the country.

Secretary, Department of Economic Affairs, Secretary, MoSPI, Chief Economic Advisor, Additional Chief Secretary, Maharashtra, Member, EAC-PM, and other eminent dignitaries are likely to attend the event. The Forecasters of GDP & CPI, Economists, representatives of Banks, Financial Institutions and organisations involved in analysis of economic indicators are the participants in the event. More than 40 participants from such institutions are expected to attend this event. Presentations on National Accounts, Price Statistics are also scheduled during the event to make it more fruitful.

Statistical consultation on base revision of GDP and CPI seeks expert feedback to strengthen methodologies and data sources. MoSPI is convening a stakeholder consultation to solicit feedback from forecasters, economists and institutional analysts on methodologies and data sources to inform the base revision of GDP and CPI, presenting proposed methodological improvements and inviting technical exchange to enhance the robustness and usability of national accounts and price statistics.