The Indian economy is one of the biggest growing economies in the world. That’s why India is considered to be the most powerful developing country in the world. The Indian economy growth is most often expressed in GDP growth rate. But apart from the GDP Growth rate there are many factors that affect the growth of the economy and indicate the growth of the economy. Is there any comprehensive analysis for the economic growth of India to be given for its beneficiaries? Yes of course! The economic survey published by the government of India is the comprehensive report of the development of the Indian economy for the past one financial year. Forget about the past developments, are there any methods available to indicate and analyse the future trend of the economy in order to invest and use the market of India? Is there any organization that does the job for us? Answer to this query is Yes, there is. Centre for Monitoring Indian Economy (CMIE) is an independent organization which does the same. Through this blog let us analyse the Centre for Monitoring Indian Economy (CMIE) in detail.
Why do we need the Centre for Monitoring the Indian Economy (CMIE) ?
CMIE is an independent organization which was set up in the year of 1976. It is basically an information company. The information given to the clients will be based on the Indian economy. How the significance of the company or organization matters is purely a business matter. Nowadays information is the most precious tool in the world. If you are an investor, you are approaching India to invest in some enterprises. You are not an Indian native. Before you invest you probably look into the financial perspective of the company and its balance sheet of the last year. If you are a professional business man you might be very good at analysing the position of the company by analysing the above documents. But if you are not an Indian native, you don’t know about the economy of India, you might not know how the industry or company prospective would respond to the coming economic policies. You need to know will the company or investing firm strive under the economic conditions of the country. For that you can use the service of an information processing firm which analyses the Indian economy. Here comes the importance of the Centre for Monitoring Indian Economy (CMIE). The above is just an example. There are lots and lots of uses for this firm or information processing you might be baffled later.
Basic Overview about Centre for Monitoring Indian Economy (CMIE)
The basic information regarding the Centre for Monitoring Indian Economy (CMIE) is important to have a basic idea even if you are a client of them or if you are looking for a general awareness regarding the same.
The Board of Directors
Chairman: S A Dave
Managing Director: Mahesh Vyas
Directors: Kalpana Sampath, Ajay Shah, Shobhana Vyas
Mission CMIE: Help our clients to take informed decisions
Vision of CMIE: Be the most effective source of economic information and knowledge
Values: Independence, Integrity, Reliability
Products of CMIE
The CMIE offers several products as their various categories of clients and their needs. The client processes various information for their various needs. So, an information processing firm should diversify their products as per the needs of the client. The products of the CMIE are as follows:
Solutions using Company databases
- Prowess dx
- CapEx dx
- First Source
Economic databases, analysis & forecasts
- Economic Outlook
- States of India
- Industry Outlook
- Trade dx
Insights into Household Well-being
- Consumer Pyramidsdx
You might not be wanting services of such a firm if you are not a core economic and market beneficiary or investor. If you are a student who is aspiring to join financial services like RBI Grade B or any bank services you need to know about the key economic players as economic awareness or financial awareness. Make note of the information above as a specific note to ace your preparation towards any of your desired positions. This information and general awareness will help you to ace in the interview as well. Get enrolled in Entri to excel in your preparation. Keep studying Keep winning