Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. Analyse how integration of GST return data refines the estimation of Gross Value Added (GVA). Discuss its implications for sectoral productivity analysis. Evaluate associated data challenges. (15 M) Difficulty Level: Difficult Reference: NIE Why the question The revision of …
Source: DD News Subject: Miscellaneous Context: The Ministry of Statistics and Programme Implementation (MoSPI) has unveiled a new logo and mascot to modernise its institutional identity and improve public outreach. About Ministry of Statistics and Programme Implementation launches new logo and mascot: What it is? MoSPI is the nodal ministry for official statistics in India, …
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Topic: National Income Accounting Q5. “Informal-sector opacity undermines national accounts”. Discuss measurement challenges and its impact on GDP accuracy. Also suggest robust reforms to strengthen informal-sector measurement and improve GDP reliability. (15 M) Difficulty Level: Medium Reference: InsightsIAS Why the question Because India’s GDP estimation debates have intensified due to persistent informal-sector opacity, outdated frames, …
Source: DD News Subject: Economy Context: The Ministry of Statistics & Programme Implementation launched the National Industrial Classification (NIC) 2025, a major revision to India’s economic activity coding system, during the 75th-anniversary celebrations of the National Sample Survey Office (NSSO) in Udaipur. About National Industrial Classification (NIC) 2025: What it is? A standardized six-digit classification …
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Topic: Indian Economy and issues relating to planning, mobilization of resources Q6. What is the difference between Wholesale Price Index (WPI) and Producer Price Index (PPI)? Why is the transition toward a PPI framework significant for India’s GDP estimation? (10 M) Difficulty Level: Medium Reference: IE Why the question: India is preparing to revise its …
InstaLinks : help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …
Continue reading “[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 25 February 2023”
