(08 April 2024) Government Data Roundup: Report on Boosting Exports from MSMEs, RBI Bulletin Among Those Released Recently. - FACTLY
Sai Krishna Muthyanolla
April 8, 2024
In this 46th Edition of fortnightly government data roundup, we look at NITI Aayog’s report on Boosting Exports from MSMEs, DARPG report on National e-Governance and way forward, RBI’s Monthly Bulletin, MoSPI data on GDP and Inflation Rates and IMD’s weather forecast report on Summer Season of 2024.
Boosting Exports from MSMEs
Brief about the Report
Often considered the backbone of the Indian Economy, the Micro, Small and Medium Enterprises (MSMEs) play a vital role in employment, economic contribution, and growth. Overall, an estimated 6.4 crore MSMEs in India employ about 11 crore people and contribute to 27% of GDP, 38% of total manufacturing output and 45% of total exports.
Key Observations and Recommendations
In the context of these prevailing issues, the report made salient recommendations such as creating easy and user-friendly national portals, equipped with Artificial Intelligence (AI), which provides information about the international export market, unlocking e-commerce exports, introducing various administrative reforms, promoting ease of doing business, etc., among others.
National e-Governance Service Delivery Assessment (NeSDA) – Way Forward
Brief about the Report
The Department of Administrative Reforms and Public Grievances (DARPG) formulated National e-Governance Service Delivery Assessment (NeSDA) to assess States/UTs and Central Ministries with regard to their delivery of e-services (electronic services) in seven sectors, namely Tourism, Environment, Education, Labour & Employment, Finance, Social Welfare including Agriculture, Health and Home Security, and Local Governance & Utility Services. The DARPG publishes monthly reports with an aim for improved delivery of e-services to promote faceless and suo-motu entitlement-based delivery of services, strengthening of unified service delivery portals, etc., among others. The monthly report for January and February is based on inputs provided by State/UTs.
Key Highlights in the Report
RBI Bulletin, March 2024
Brief about the Report
The RBI publishes monthly bulletins which consist of research articles, speeches, and some important statistics on the economy. These provide various inputs, insights, and perspectives on the functioning of the economy. The March 2024 bulletin consists of the following articles & speeches:
Articles
Key Highlights of the Bulletin
Other Reports
MoSPI Data on Finance and Economics: The Ministry of Statistics and Programme Implementation (MoSPI) has published data about Overall and Per Capita State Gross and Net Domestic Produce (SGDP/SNDP), at both current and constant prices, along with their year-on-year (y-o-y) growth rates, from the year 2011-12 to 2023-24. The data showed y-o-y growth in GDP across all the years for most of the stats, except the COVID-19 affected year of 2020-21 where most states have witnessed negative growth.
MoSPI also published data about Inflation Rates, Consumer Price Index (CPI), and Consumer Food Price Index (CFPI) as of February 2024 with base year 2012 values. The data is categorized by Rural, Urban, and other categories. The combined results of Rural and Urban showed an increase in the inflation rates across most products, goods and services, such as Cereals and products, Meat and fish, eggs, Milk and products, Pulses and products, Clothing, Education, Transport, and communication, etc. The highest increase was in Vegetables at 30.25%. Only two products which witnessed negative inflation rates are Oil and Fats, and Fuel and Light, which stood at -13.97% and -0/77%, respectively.
IMD Forecast on Summer (Hot Weather Season): The IMD has been issuing seasonal forecast outlooks for temperatures over the country for both the hot and cold weather seasons, since the year 2016. As per the latest March 2024 report, the current hot weather season, during the period of March to May (MAM), is most likely to witness above-normal minimum temperatures over most parts of the country.