The HFIs provide a range of data on multiple aspects of the economy, like fertilizer sales, trade in agricultural commodities,
Indian School of Business (ISB) launched the portal that brings together several high-frequency indicators (HFIs) of India’s Economic Recovery. This allows real-time analysis of patterns of economic recovery.
The portal, indiadataportal.com/jsi, is part of the JumpStartIndia@ISB project of the school. The HFIs provide a range of data on multiple aspects of the economy, including fertilizer sales, trade in agricultural commodities, registration of new businesses, registration of different types of vehicles, digital transactions and payments and demand for wage labour under MGNREGA.The portal also facilitates comparison of different high indicators for the current year (2020) with similar data for last year (2019).
It will provide journalists, citizens, and policymakers visual insights into important indicators at daily or monthly frequency in near-real-time and at district or state-level.
Prof Ashwini Chhatre, Executive Director, Bharti Institute of Public Policy at the ISB Indian School of Business said: “As the economy recovers from the pandemic-induced lockdown, we are identifying and monitoring select parameters that indicate change in the level of economic activity. This would help governments and policy makers in their plans and decision making to get India back on track of economic growth in post- Covid scenario.”
“It is interesting to note that some indicators of economic activity like new company registrations and quantity of fertilizers sold are performing better than last year within a month of relaxation of the lockdown norms,” Chhatre said.
The data is sourced from public agencies. The daily updated indicators include MGNREGA jobs and expenditure, fertilizer sales, economic value of agricultural commodities traded at mandis, digital payments, Aadhar authentications and electricity supply. The list of monthly indicators includes company registrations, e-way bills, GST collections, foreign direct investment, foreign portfolio investment, railway freight for essential goods, and vehicle registrations by type.
The data is now available in English and work is on to present it in six regional languages soon.