5 Best Economic Websites in India

Economic data holds a crucial position in today’s world. It not only helps us in assessing the current health of the economy but also in knowing the past trend and forecasting. Economic data providing websites, through thousands of time series and charts, provide such insights that include macroeconomic figures, trends, and detailed reports.

Here is the list of Top economic websites in India

1. ceicdata.com

CEIC offers comprehensive and accurate data of more than 200 economies. Primary focus on this website is on both developed and emerging countries. It claims to have on-ground economists and analysts in 18 countries. The pricing plan starts at $39 per month, which gives the user only 20 data downloads. Most of the information on this site is hidden and requires premium access.

2. Tradingeconomics.com

Trading Economics is another leading economic data website with more than 20 million economic indicators, exchange rates, stock market indices, government bond yields, and commodity prices. It claims of having a presence in 196 countries. They provide access to the data through three plans: standard, professional, and enterprise that are available at USD 199 per month, USD 399 per month, and USD 1499 per quarter, respectively. However, it may not be a financially viable deal for the persons looking for Indian data. Their coverage on the Indian economy is limited to only a few major macroeconomic indicators.

3. CMIE

CMIE or Centre for Monitoring Indian Economy is one of the best economic data providing sites that holds a specialization over various industries. Their coverage of the Indian economy is vast. CMIE Unemployment Rate indicator holds immense credibility and is widely used across the sectors. However, it may cost a fortune to afford. Their standard user login subscription services start at INR 170,000. Despite CMIE’s depth of coverage on the Indian economy, its affordability is the catch here.

4. IMA- indiamacroadvisors.com

IMA is a start-up, and they provide well-structured and easy to use accessible data. On IMA, focus areas are primarily on macroeconomic indicators, such as GDP, inflation, and international balance among others.It publishes comprehensive and aesthetic data charts belonging to various sectors of the Indian economy. Though most of the data on this site is available free of cost, a premium subscription at just INR 799 per month provides you the access to specially curated reports on vital macroeconomic issues of the Indian Economy. The interactive chart function on their website is the USP. It allows users to add more series into a data set or even add annotations to indicate the trend clearly. However, being a new entrant, the range of data is not wide.

5. Indiastat.com

It is an e-resource website that covers socio-economic statistical data of over 33 categories. Their coverage of the Indian economy is commendable. They provide information specific to sectors, states, and regions. Their premium subscription has three plans: individuals, institutions, and corporates. For individuals, the price starts at INR 11,604 for 250 table views for one month, and the Corporate Plus plan comes at INR 149,932 per year with unlimited table views. However, the site doesn’t have a decent user-interface considering the amount of information they provide.

Choose the best

Taking coverage and affordability into consideration IMA and indiastat.com seem to be very reasonably priced, whereas the other three websites come at a higher cost. These two websites provide quality data at the most competitive price. IMA is placed slightly above all its peers due to its interactive charts and the freedom it gives the users to choose their own series, whereas Indiastat.com provides a huge range of information that shows some major facets of the Indian economy.

Note:*

Cost: Higher priced websites with no provision for free data have a grade of less than 5. Coverage on the economy: Websites with databases on both India and international data have a grade of more than 5. Features: Websites with more features have a higher grade.