Centre Launches GIRG Initiative to Track Global Rankings

The Union Ministry of Statistics & Programme Implementation (MoSPI) compiles several macroeconomic indicators, including:

• Gross Domestic Product (GDP) estimates
• Monthly Consumer Price Index (CPI)
• Monthly Index of Industrial Production (IIP)

• These are prepared using internationally consistent methodologies.
• The base year for these indices is periodically revised to:
  • Incorporate methodological improvements based on global guidelines.
  • Reflect structural changes in the economy.
  • Use the latest available datasets.

Global Indices for Reforms and Growth (GIRG) Initiative

• The Government of India has launched the GIRG initiative to monitor progress on 26 selected global indices.
• The purpose is to enhance India’s performance through inter-ministerial coordination, enabling targeted reforms and supporting growth.
• These 26 global indices are published by 16 international agencies and span four broad themes:
  1. Economy
  2. Development
  3. Governance
  4. Industry

Role of NITI Aayog and Nodal Ministries

• The Development Monitoring and Evaluation Office (DMEO) of NITI Aayog acts as:
  • The knowledge partner, and
  • The central coordinating agency for the GIRG exercise.
• Under GIRG, the 26 indices have been assigned to 17 nodal Ministries, each responsible for implementing reforms and driving improvements in their respective indices.

Source: PIB