Centre for Monitoring Indian Economy Data and Resources Guide

The Centre for Monitoring Indian Economy (CMIE) is a valuable resource for anyone looking to stay informed about the Indian economy. CMIE is a private research firm that collects and analyzes data on various aspects of the Indian economy.

CMIE's data and resources are available online, making it easy to access and use. The data is comprehensive, covering topics such as GDP, inflation, employment, and more.

CMIE's data is sourced from various government agencies, including the Reserve Bank of India and the Ministry of Statistics and Programme Implementation. This ensures the accuracy and reliability of the data.

CMIE's resources include a range of tools and reports that can be used to analyze and understand the data.

CMIE was founded by Narottam Shah on 13 April 1976. He started the company as an information organisation cum Think Tank to help the business community access economic data and understand the underlying trends.

Narottam Shah's Economic Intelligence Service was famous for its punctuality and reliability, delivering a set of documents every 5th of the month. This service provided statistics from hundreds of official documents, along with useful observations of the trends.

The company's first Director, Prof D T Lakdawala, took over after Narottam Shah's sudden death in 1984. He played a crucial role in shaping CMIE's future.

CMIE transformed itself into a private limited company owned by Narottam Shah's immediate family members in the early 1990s. The company has remained a family-owned enterprise ever since.

Ajay Shah, Narottam Shah's son, took over the Directorship of CMIE in the early to mid-1990s. He was an IIT-B alumnus and had a Ph D in economics from USC, LA.

Mahesh Vyas took over as managing director and CEO of CMIE in 1996. He has been instrumental in shaping the company's evolution.

CMIE became an early user of UNIX-based systems and an early adopter of internet connectivity in the late 1980s / early 1990s. Ajay Shah played a key role in this transition, leveraging his connections with IIT-B.

CMIE has continued to evolve under Mahesh Vyas' directorship, and he currently heads the company.

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CMIE's research focus is on the Indian economy, industries, states, agriculture, foreign exchange, and businesses, as well as global economies.

Their macroeconomic database includes national accounts figures, public finance statistics, money controls, and balance of payments statistics.

CMIE's Market Beacon is a database of macroeconomic time series, while International Economics is a database of macroeconomic time series data on individual countries.

Industry analysis is provided by the firm's sectoral services, covering the manufacturing and service sectors.

CMIE's monthly state-level overview examines recent economic developments in each state, including agriculture, public distribution, infrastructure, electricity, manufacturing, investments, rates, tourism, and public finance.

CMIE's data collection methodology and reports differ from those published by the NSSO.

CMIE's primary databases focus on the demand side of the Indian economy, including the Consumer Pyramids Household Survey (CPHS), which collects data on household member details and household income, consumption expenditure, amenities, and ownership of assets.

CMIE's secondary databases are built by drawing upon official data presented periodically by the Ministry of Statistics and Programme Implementation, economic ministries, RBI, stock exchanges, and other credible sources.

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CMIE's Prowess database contains data on the financial performance of over 50,000 companies, including profit and loss statements, balance sheets, financial ratios, shareholding patterns, and equity prices.

CMIE's CapEx database tracks the life cycle of new investment projects from announcement to conclusion.

CMIE's databases are delivered in multiple services, including ProwessIQ for querying, PACE for credit evaluation, and ProwessDX for research applications.

CMIE's data is available via subscription for researchers, businesses, and policymakers, providing a timely and independent source of information.

Here are some of the key benefits of using CMIE's data:

CMIE data offers several key features that make it a valuable resource for researchers, businesses, and policymakers.

CMIE provides more frequent updates than official government surveys, ensuring that users have access to the latest information. This timeliness is especially important for making informed decisions.

One of the standout advantages of CMIE data is its accessibility. Researchers, businesses, and policymakers can subscribe to the data, making it easily available to those who need it.

CMIE operates as a private entity, ensuring unbiased and transparent reporting. This independence is crucial for maintaining the integrity of the data.

Here are some key features of CMIE data:

CMIE provides timely updates, making it a valuable resource for researchers, businesses, and policymakers. Its data gathering process and reports are different from the NSSO's.

CMIE's macroeconomic database includes national accounts information, public finance metrics, money controls, and balance of payments statistical data. This comprehensive database is a goldmine for economists and researchers.

For the first time in India's history, CMIE began surveying and publishing monthly unemployment data in 2016. This pioneering effort has provided valuable insights into the country's job market.

CMIE's data is available via subscription, making it accessible to a wide range of users. This is a significant advantage over official government surveys like the PLFS.

Here are some of the key outputs and resources provided by CMIE:

CMIE also publishes various reports and publications, including the Unemployment Rate Report, Labour Market Report, and Household Survey Findings.