India 2018

86 India 2018
activities inter-alia include compilation of national accounts, index of industrial
production, consumer price indices for urban/rural/ combined, human
development statistics including gender statistics, conduct of annual survey of
industries and economic census and imparting training in official statistics. The
CSO also assists in the development of statistics in the states and union territories
and disseminates energy statistics, social and environment statistics and prepares
the national industrial classification.
National Accounts
The National Accounts Division (NAD) of the CSO is responsible for preparation
of national accounts, which include the estimates of Gross Domestic Product
(GDP), national income, government/private final consumption expenditure,
capital formation and savings along with details of transactions of institutional
sectors. The NAD brings out annually a publication titled "National Accounts
Statistics", containing these statistics.
CPI based inflation
All India year on year inflation rates (i.e. current month over same month of
last year), in percentage, based on General CPI (Combined), was hovering
around 5.00 per cent (ranging from 4.20 per cent to 5.77 per cent) during the
period November 2015 to October 2016 except for the month of July 2016, when
it was 6.07 per cent. While looking at the all India year on year inflation rates
(per cent) based on CFPI (Combined), given in Table 2, we find that average
inflation rate of food items during November 2015 to October 2016 was 6.09 per
cent. CFPI inflation has touched highest level at 8.35 per cent in July 2016,
thereafter there is continuous decline in the rate.
Price Data Collection
Rural Retail Price Collection: The data collected on rural retail prices are used for
compiling the consumer price index (CPI) for agricultural labourers. At present,
the Labour Bureau, Ministry of Labour, compiles and publishes the CPI for
agricultural labourers. A new commodity basket consisting of 260 commodities
was adopted in 1986 with a view to reflect the price changes in respect of the
current consumption pattern of the agricultural labourers. The price data for
the new commodity basket are collected every month from a fixed set of 603
villages/ markets spread over 26 states/UTs using schedules 3.01 (R). Along
with the price data for the new series, the daily wage rates of 12 agricultural
and 13 non-agricultural occupations are also being collected. The present RPC
frame is more than two decades old and over the period most of the selected
(original/reserve) shops/outlets have become nonexistent, due to fast
urbanization. Therefore, the current available frame has become obsolete and
needs immediate revision. Hence, a proposal for review of the RPC Scheme is
under consideration.
Consumer Price Index CPI (Urban): The collection of prices is being done by NSSO
from 310 towns for 1114 quotations. Out of these quotations, 1,078 quotations
are the responsibility of NSSO, rest 36 quotations of Arunachal Pradesh, Mizoram
and Lakshadweep are managed by CSO. The CPI (U) scheme collects the prices