New Delhi, The Union Ministry of Statistics and Programme Implementation is planning to use online retail prices, data usage and tourism expenditure as alternative sources of information to track the economic situation of the country.
New method of calculating retail price inflation,
Apart from the survey on tourism expenditure, the Ministry of Statistics is planning to conduct a survey on National Family Travel Expenditure in January.
In addition, a new series of the Retail Price Index is also planned to be released in February 2026.
In this, in addition to the usual consumer spending, it is planned to take into account the price of goods in online commerce, online games, mobile data, Bluetooth earphones, online video subscriptions and mobile phone accessories.
In lieu of the practice of determining the inflation index based on consumption and price data of goods, new statistical sources will be collected in these ways, said Sourav Garg, Secretary, Ministry of Statistics, at an event in Delhi.
He said that in obtaining economic statistics, they plan to include satellite data on lights on at night and the impact on economic growth, infrastructure development and job creation.
House Price Index Increases by 4.30 Percent
Mumbai. Nov. 30-India’s house price index grew by 4.30 percent in the September quarter, according to data released by the Reserve Bank of India. The Reserve Bank releases the house price index report once a quarter based on transaction data in 10 major cities including Chennai, Bengaluru and Delhi.
The report released yesterday said:
The house price index had grown by 3.30 percent in the April-June quarter of the current financial year.
This was compared to 3.50 percent growth recorded in the September quarter of last year. The house price index for the current financial year has varied across cities.
The highest growth was recorded in Bangalore at 8.80 percent and the lowest in Kanpur at 2 percent.
India’s house price index fell by 0.10 percent in the July-September period compared to the same quarter last year. However, house prices continued to rise in cities like Chennai, Ahmedabad, Lucknow and Kolkata.
