Tag: 12 indicators.

RBI introduced 12 indicators for calculating India’s growth: RBI Working Paper

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