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8 Free Resources On Indian Economy You Can Use For Your Data Science Projects


8 Free Resources On Indian Economy You Can Use For Your Data Science Projects


 

Photo by Niels Steeman

With a population of over 1.2 billion and a GDP of around $2.69 trillion, India consists of one of the most diverse economies in the world. There are many economic indicators that come into play while preparing a budget or planning for trade. The data is as unstructured as it can get.



The following sources contain free data sets and data visualisations of the Indian economic scenario which can assist data science projects on any scale:

NITI Aayog: Salary Expenditure

The Data contains Actual, Pre-actual and Budgeted Expenditure for Salary expenditure, total expenditure, Revenue Expenditure, Salary expenditure as a percentage of revenue expenditure (net of IP and Pension) and Salary expenditure as a percentage of the total expenditure of states and union territories.

An expense or expenditure made to the employees for their work in terms of salary is known as Salary expenditure. It is an outflow of money from the Government for different services.

Open Budgets India

The portal includes twelve broad sectors like Education, Agriculture, Environment and others. These sectors represent state wise and district wise budget expenditure on both Economic Services and Social Services.

Consists of 10.6k datasets from 509 Budget Sources.

Ministry Of Statistics: Indian Income Tax

The data refers to details on receipts under income tax from 2000-01 to 2011-12 in the head of the account such as Minor Head-Other Receipts, Minor Head-Surcharge, Penalties, Interest Recoveries, Primary Education Cess, Secondary and Higher Education Cess.

NITI Aayog: Manufacturing GDP

The data refers to information on contribution to manufacturing GDP in the 11th Five-Year Plan and employment in 2009-10 in different segments of the manufacturing sector. It projects employment in 2016-17 and 2024-25 in different segments of manufacturing in two different scenarios.

Ministry Of Finance: Statistical Appendix

The data refers to the Annual Growth Rates of Real Gross Domestic Product at Factor Cost. Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes i.e., inflation or deflation according to the economic survey carried out by the Ministry of finance. All the files can be downloaded individually in excel format.

Department Of Economic Affairs: Trade Balance Of India

The trade balance is the difference between the monetary value of exports and imports of output in an economy, it is one of the most important macroeconomic parameters. Data contains Exports, Imports and Trade Balance of India (in Rs Crore and US $ Million) from 1949-50. It also contains the percentage rate of change of exports as well as imports with respect to the previous year. The data has been provided by the Department of Economic Affairs.

The World Bank

This source contains Indian income indicators like GDP and statistical capacity scores. And the files can be downloaded in both CSV and EXCEL formats.

See Also

The World Bank’s DataBank is an analysis and visualisation tool that contains collections of time series data on a variety of topics. Users can create their own queries; generate tables, charts, and maps; and save, embed, and share them.

IMF DATA

The International Monetary Fund (IMF) is an organisation of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

The data provide IMF organisation can be used to check how India fares in different fiscal aspects when compared to other developing nations.

For example, APDREO dataset contains data from Asia and Pacific Regional Economic Outlook on real GDP growth, market exchange rates, broad money etc. This covers nations like India, China, Japan, NewZealand and many others.

 



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