Asia’s oldest bourse BSE to prepare two indices
Q. Which indices are being jointly prepared by BSE in partnership with University of Michigan and CMIE?- Published on 10 Oct 15a. India unemployment rate
b. India consumer sentiment
c. Both of the above
d. None of the above
ANSWER: Both of the above
BSE is going to launch high frequency job and consumer sentiment data from 2016 to help policy makers and companies attain a better grip of the economy. The Indian unemployment rate and Indian consumer sentiment indices are being created by BSE in collaboration with CMIE and University of Michigan. and will be released at high frequency on real time basis. Data will be released everyday on BSE from survey of more than 4000 adults from 1200 to 1500 households across the nation. Data based on survey of CMIE’s panel of 5 lakh people from 1.58 lakh households across 315 cities and 3000 villages was used. These indices will help investors, corporate groups and policy makers to analyse the health of the domestic economy.
