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documents every 5th of the month. Economic
Intelligence Service delivered mostly statistics from hundreds of official documents. It presented these with useful pithy observations of the trends which reflected Shah's studious understanding of the Indian economy. The service included a Monthly Review of the Indian Economy and reference volumes such as Basic Statistics Relating to Indian Economy I & II and Key Financial Data of Larger Business Units and special occasional documents such as Profiles of Districts and Shape of Things to Come. The service was famous for punctuality and reliability. Narottam Shah died on 23 March 1984 Eventually, the Economic Intelligence Service was phased out. But, CMIE continues to retain two main characteristics of Shah's CMIE – delivering long normalised time-series data and always being updated with the latest available data in its new deliveries.
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households. The full sample is surveyed in Waves lasting 4 months each. This is a continuous household survey since
January 2014. CMIE had conducted 22 Waves since then, as of June 2021. CPHS collects data on household member details such as age, gender, religion, caste, education, occupation, employment status, financial inclusion and income. For the household as a whole it collects data on household income, consumption expenditure, amenities and ownership of assets. CPHS is the brainchild of Mahesh Vyas. CMIE makes the anonymised unit level data from CPHS available to researchers.
192:, which covers the manufacturing and service sectors. Its monthly state-level overview examines recent economic developments in each state, including agriculture, public distribution, infrastructure, electricity, manufacturing, investments, rates, tourism, and public finance. Competitor monitoring, analytical company reports, content delivery, spot commodity price polling, and the collection of industry statistics are also offered.
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Prowess is a standardised database with trace-back to original values and has a long time-series from 1990. Prowess is the largest database of standardised information and with the longest time-series. The database is delivered in the form of multiple services. ProwessIQ is a querying packaging of the data, PACE is for credit evaluation and
ProwessDX is for research applications.
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CMIE has built very very long time-series based on official data. These can be classified as its secondary databases. These are built by drawing upon data presented periodically by the
Ministry of Statistics and Programme Implementation, by economic ministries, RBI, stock exchanges and other credible
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took over as
Director of CMIE after the sudden death of Shah. CMIE started undergoing a gradual change in the early 1990s. It had transformed itself into a private limited company owned entirely by the immediate family members of Shah. The company continues to be a family owned enterprise with shares
167:
were established by
Narottam Shah in 1984 just before his death. Ajay Shah played a pivotal role in strengthening that foundation. CMIE became an early user of UNIX-based systems, an early adopter of internet connectivity in the late 1980s / early 1990s thanks to his efforts and his connections with
216:
In the late 1980s, CMIE started building proprietary primary databases. It began with a database of the performance of enterprises operating in India. The foundation of this effort was laid by
Narottam Shah. But, the operations scaled up substantially in the 1990s as the business databases industry
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data for its people. This may have been a political convenience, states Mahesh Vyas, as "no measurements means there are no arguments" about unemployment in India. CMIE, a non-government private entity, started to survey and publish monthly unemployment data for the first time in Indian history in
147:
CMIE was founded by
Narottam Shah on 13 April 1976. It began as an information organisation cum Think Tank that helped the business community gain access to economic data and to understand the underlying trends. The company ran a service called Economic Intelligence Service which delivered a set of
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Prowess contains data on the financial performance of companies for over fifty thousand companies. Prowess is a database base of the profit and loss statements, balance sheet, financial ratios, shareholding pattern, board of directors, equity prices and total returns and other market-based ratios.
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Narottam Shah's son, Ajay Shah, an IIT-B alumni and a Ph D in economics from USC, LA took over the
Directorship of CMIE in the early to mid-1990s. After a few years at CMIE he moved on to a career in academics and public policy work in IGIDR and then Ministry of Finance. Mahesh Vyas took over as
235:
CMIE started work on creating a database of the wellbeing of households in 2006. The sample, execution machinery and delivery were completely revamped in 2012 and 2013. The work, Consumer
Pyramids Household Survey (CPHS), is India's largest panel survey of households. The sample size is 176,600
179:
CMIE's focuses on the Indian economy, industries, states, agriculture, foreign exchange, and businesses, as well as global economies. National accounts figures, public finance statistics, money controls, and balance of payments statistics are all included in the firm's macroeconomic database.
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The second proprietary database from CMIE is CapEx which tracks the life cycle of new investment projects from their announcement through their conclusion. CapEx was launched in 1997 but has its antecedents in CMIE's Shape of Things to Come compilation created by DJ Unakar in the 1970s.
224:) in the late 1980s was quickly beaten by competition in the early 1990s. CMIE relaunched the database in the late 1990s, re-christened as Prowess and regained a leadership in a highly fragmented market for databases on enterprises.
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IIT-B. Ajay Shah continues to be on the board of CMIE. But, he has not been involved in the day-to-day management of the company since he left the company in 1996.
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The secondary databases also include derivative databases from CMIE's own primary databases. Aggregates from Prowess, CapEx and CPHS.
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CMIE has evolved substantially since those early days, under the directorship of Mahesh Vyas. It is currently headed by Mahesh Vyas.
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127:. CMIE provides this information in the form of databases and research reports via a subscription-based business model. It is
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is a database of macroeconomic time series data on individual countries. Industry analysis is provided by the firms'
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grew rapidly and became intensely competitive. Market forces shook CMIE's hitherto monopolistic pace.
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610:"Centre For Monitoring Indian Economy Pvt. Ltd., Investment Management Firms in India (IN): Aurigin"
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In the 1990s, CMIE transformed itself into a database services company. The foundations of creating
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Collectively, perhaps, CMIE is the largest depository of data on the World economy in India.
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E44: When Sherlock looked at the Indian Economic data with Mahesh Vyas, MD & CEO of CMIE
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According to CMIE, India has never tracked and published monthly, quarterly or yearly
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CMIE's primary databases have focused on the demand side of the Indian economy.
111:(CMIE) is an independent private limited entity that serves both as an economic
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558:"Understanding Unemployment With Mahesh Vyas, CMIE: India Development Debate"
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636:, Mahesh Vyas, Business Standard (1 April 2019); for its methodology see
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652:"Unemployment rises to 14.5% in May, highest since last year's lockdown"
585:"Company Profile: Centre for Monitoring Indian Economy Pvt. Ltd. (CMIE)"
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Economic think-tank and a business information company in Mumbai, India
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CMIE's first foray into offering its enterprises database – CIMM (
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289:"Bloomberg Profile: Centre for Monitoring Indian Economy Pvt Ltd"
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methodology and reports differ from those published by the NSSO.
530:"Unemployment rate declining or not growing: CMIE's Mahesh Vyas"
355:"On Construction of District Development Index in West Bengal"
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company. CMIE research group has built databases on the
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DESIDOC Journal of Library & Information Technology
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held entirely by the four children of Narottam Shah.
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777:Political and economic think tanks based in India
680:"Database Industry in India: A Current Scenario"
184:is a database of macroeconomic time series, and
269:. Centre for Monitoring Indian Economy Pvt. Ltd
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787:Financial services companies based in Mumbai
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160:managing director and CEO of CMIE in 1996.
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20:
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222:Corporate Information on Magnetic Media
353:Banerjee, Sarmila; Ray, Samik (1998).
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772:Indian companies established in 1926
151:Prof D T Lakdawala, Narottam Shah's
109:Centre for Monitoring Indian Economy
22:Centre for Monitoring Indian Economy
650:Seth Sharma, Yogima (21 May 2021).
767:1976 establishments in Maharashtra
336:"Mergers and Acquisitions by MNEs"
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556:Inamdar, Tamanna (5 March 2021).
528:Tendulkar, Reema (2 March 2021).
212:Primary and secondary databases
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792:Research institutes in Mumbai
389:Economic and Political Weekly
359:Economic and Political Weekly
340:Economic and Political Weekly
135:, with additional offices in
797:Economic research institutes
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782:India-focused think tanks
678:Vyasamoorthy, P. (1995).
457:"Prof. (Dr.) Ajay Shah -"
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696:10.14429/djlit.15.4.3190
482:Centre For Civil Society
385:"OBITUARY-Narottam Shah"
802:Financial news agencies
634:NYAY works against jobs
395:(13): 7–8. 5 June 2015.
186:International economics
243:and reliable sources.
41:; 48 years ago
640:, CMIE, Mumbai (2019)
589:itt.nissat.tripod.com
365:(47/48): 3019–3026.
117:business information
342:: 7–8. 5 June 2015.
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657:The Economic Times
614:www.aurigininc.com
39:13 April 1976
484:. 31 January 2017
407:"D. T. Lakdawala"
190:sectoral services
125:private companies
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752:Publications
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638:Unemployment
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508:www.cmie.com
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62:Headquarters
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478:"Ajay Shah"
291:. Bloomberg
85:Mahesh Vyas
761:Categories
253:References
204:2016. Its
197:employment
153:Ph D guide
113:think-tank
81:Key people
46:1976-04-13
704:0976-4658
563:Times Now
535:CNBC TV18
371:0012-9976
165:database
725:29 June
513:27 June
488:27 June
462:27 June
441:25 June
417:25 June
143:History
90:Website
54:Founder
44: (
36:Founded
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663:21 May
619:21 May
594:21 May
569:21 May
541:21 May
504:"CMIE"
432:"CMIE"
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320:21 May
311:"CMIE"
295:21 May
273:21 May
133:Mumbai
67:Mumbai
690:(4).
137:India
97:.cmie
73:India
727:2021
700:ISSN
665:2021
621:2021
596:2021
571:2021
543:2021
515:2021
490:2021
464:2021
443:2021
419:2021
367:ISSN
322:2021
297:2021
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199:and
123:and
107:The
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692:doi
131:in
95:www
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