The National Council of Applied Economic Research (NCAER) has made a decision to stop using PMO for its PMI calculations.
The council is an independent body which has been tasked with improving India’s PMI.
The PMI, or public opinion index, has been a source of frustration for many PMO members and has come under the scanner of several parties.
The Council of Economic Advisers, a body which is tasked with overseeing the implementation of the government’s economic policies, has taken the decision to remove PMO from its PMO calculations.
This move comes amid growing anger over PMO and PMO-specific metrics, which have become a point of contention between the government and its allies.
The council’s chief economist, Arvind Subramanian, said in a statement that he was « deeply saddened » by the move.
« The NCAER decision will not only affect the quality of the data used in PMI but also will impact on the work of the PMO as well, » he added.
The NCAs decision comes days after the Centre released a set of PMO metrics which showed the Narendra Modi government’s performance improving significantly.
This week, the BJP-led government announced that it had scrapped the country’s PMO after the central government had not made any such commitment.
The government has been trying to make it clear that the PMOs data will be the basis of its economic decisions.