Which of the following are High Frequency Indicators of the Indian economy ?
- Power Consumption
- IIP General Index
- 10-year G-sec yield
Select the correct answer using the code below.
1 only
1 and 2 only
2 and 3 only
1, 2 and 3
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This question was previously asked in
UPSC CAPF – 2023
1. Power Consumption: Measured daily/weekly/monthly, it is a good proxy for economic activity, especially industrial and commercial.
2. IIP (Index of Industrial Production) General Index: Released monthly, it provides a timely snapshot of the performance of the industrial sector, contributing significantly to overall economic assessment between quarterly GDP releases.
3. 10-year G-sec yield: A financial market indicator that reflects borrowing costs and market sentiment, updated constantly in real-time or daily.
All three indicators are monitored frequently by policymakers and analysts to gauge economic momentum and make quick assessments, fitting the definition of High-Frequency Indicators.
– They are typically released more often than quarterly or annual data (daily, weekly, monthly).
– Power consumption, IIP, and G-sec yields are examples of such indicators in India.