- Reserve Bank of India (RBI) has come up with a new method of calculating India’s growth through a Working Paper titled “Nowcasting Indian GDP growth using a Dynamic Factor Model” under the RBI Working Paper Series, introduced in March 2011.
Here are the 12 indicators:
- Index of industrial production (IIP) –consumer goods
- IIP- core sectors
- Automobile sales
- Non-oil non-gold imports
- Exports
- Rail freight
- Air cargo
- Foreign tourist inflows
- Government tax receipts
- Nominal Effective Exchange Rate (NEER)
- Sensex
- Bank Credit
