While this is presumably an institutional effort being made by the Government, work relating to a statistical framework of PPI in Indian context could be attempted by the department. Fifth, during last 5 years or so, statistical systems both for financial and banking, have undergone a major change. New systems are introduced in line with global standard of data compilation and dissemination.
Among the factors that would bring this about, we counted the completion of the inventory adjustment, tax cuts, the easing in domestic monetary conditions, and a recovery in U.S. business investment. But, by midsummer, evidence began to accumulate that the expected rebound in U.S. investment would be delayed and that the economic slowdown there would be deeper and more protracted than previously expected.