Skip to content
Free updates Login
SSCBankingNABARD / RBI

MoSPI MoUs with IDEAS and ISI Kolkata on GDP Nowcasting

12 August 20261 min read
ECONOMYMoSPI MoUs withIDEAS and ISIKolkata on GDPNowcasting12 August 2026safalsetu.com

Why in the news

The Ministry of Statistics and Programme Implementation (MoSPI) entered two agreements to improve how official data is analysed.

Key facts

  • Partners: IDEAS and the Indian Statistical Institute (ISI), Kolkata.
  • Output one: a GDP nowcasting tool for timely economic estimates.
  • Output two: a harmonised indicator framework combining scheme data with NSS household survey data.

Significance

  • Better statistics should support evidence-based policy under Viksit Bharat @2047.

Exam angle

  • Ministry: MoSPI.
  • Survey named: National Sample Survey (NSS).
  • Tool: GDP nowcasting.

Test yourself

1. MoSPI signed MoUs with IDEAS and which institute to strengthen statistical analysis?

The MoUs were with IDEAS and the Indian Statistical Institute, Kolkata.

2. Which tool is to be developed under the MoSPI MoUs with IDEAS and ISI Kolkata?

A GDP nowcasting tool is among the planned outputs.

3. The new indicator framework under the MoSPI MoUs joins scheme data with which household data?

It links government scheme data with NSS household data.

This topic is part of Daily Current Affairs 11 & 12 August 2026 (36 topics).

All topics of the dayDay quizAugust 2026

Read more