September 07, 2026 07:33 pm (IST)
Follow us:
BSE and CMIE launch world’s first high-frequency data on unemployment and consumer sentiments
Mumbai, Apr 6 (IBNS) Bombay Stock Exchange (BSE), the world’s fastest stock exchange with the speed of 6 microseconds and CMIE, India's leading business information company, announced on Tuesday that they have joined hands to launch the world’s first high-frequency data on unemployment and consumer sentiments.
Incidentally, this is the first instance of non-governmental organisations producing an unemployment measure for any country in the world, said the BSE.
According to the BSE, India does not have a fast-frequency measure of unemployment and this joint effort will produce a 30-day moving average measure of the unemployment rate in India, every day and a monthly unemployment rate at the end of every month. It takes into account all observations available for a calendar month and are available from January, 2016.
For consumer sentiment indices, University of Michigan’s Institute for Social Research, Survey Research Centre has partnered with BSE and CMIE.
University of Michigan is a leader in producing consumer sentiment indices in the US that had commenced its first Survey of Consumers in 1946.
These indices would consist of 30-day moving average measures of consumer sentiments on a daily basis. Its two major constituents are index of current economic conditions and the index of consumer expectations.
The indices are based on response received from over 130,000 individuals in about 39,600 households, both in rural and urban India. The rural and urban break-up of each of the indices have also been released. State wise unemployment rates are also planned to be released after a few months. These indices can accessed freely fromwww.bseindia.com/
All indices are being launched as public goods, free for public consumption. These vitally important indicators for India are expected to help policy makers, investors, entrepreneurs, academia, the media and the public at large get a better grip of macro- economic status of Indian economy, announced BSE.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Adani Power Improves ESG Score to 66 in NSE Sustainability Assessment. What does it mean?
Mon, Sep 07 2026
Bajaj Broking launches its ChatGPT plugin to help users with AI-powered portfolio insights. Why is it needed?
Mon, Sep 07 2026
TCS’ HyperVault to establish large-scale AI data center campus in Telangana: Know all details
Sun, Sep 06 2026
Is This the Right Time to Lock Your Savings in an FCNR Deposit?
Sat, Sep 05 2026
Thales and Kalyani Strategic Systems Limited sign Strategic Alliance Agreement for 70-mm Rocket Systems
Fri, Sep 04 2026
Axis Bank and Scapia launch co-branded credit card for India's new generation of travellers
Fri, Sep 04 2026
What is MillionR Special Edition? TVS Motor celebrates one million TVS iQube families. All you need to know
Fri, Sep 04 2026