The 7th Economic Census, conducted by the Ministry of Statistics and Programme Implementation (MOSPI), is yet to receive approval from a majority of states. The census, which aims to collect comprehensive data on economic activities in the country, has faced delays due to various reasons. The economic census plays a crucial role in policy-making and provides valuable insights into the country’s economic landscape. The approval from states is essential for the successful implementation of the census. As of now, the majority of states are yet to grant their approval. The Ministry of Statistics and Programme Implementation is actively engaging with the states to expedite the process and ensure the timely completion of the census.
The Economic Census is conducted in India once every five years to collect data on various economic activities, such as establishments, employment, and financial details of businesses. The data collected through the census helps in formulating policies, designing development programs, and monitoring economic progress. It provides a valuable resource for businesses, researchers, and policymakers to make informed decisions and evaluate the impact of policies on different sectors of the economy.
The 7th Economic Census, initially scheduled to begin in 2019, faced delays due to logistical challenges and the COVID-19 pandemic. Some of the factors contributing to the delay in approval from the states include resource constraints, administrative issues, and coordination challenges. Despite these challenges, the MOSPI is committed to completing the census and ensuring its accuracy and relevance.
The economic census is a crucial tool for understanding the changing dynamics of the Indian economy. It helps identify the strengths and weaknesses of different sectors and regions, enabling policymakers to design targeted interventions for promoting economic growth and development. The data collected through the census will also provide valuable inputs for policymaking in the post-pandemic recovery phase, helping the government formulate strategies to revive the economy and support affected industries.
Overall, the 7th Economic Census is an essential exercise that will provide valuable insights into the country’s economic activities. It will play a crucial role in formulating policies and monitoring economic progress. However, the delay in receiving approval from the majority of states is concerning and needs to be addressed promptly. The Ministry of Statistics and Programme Implementation should continue its efforts to expedite the approval process and ensure the timely completion of the census for the benefit of various stakeholders.
