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Directorate General of Commercial Intelligence and Statistics

19-12-2024

09:30 AM

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1 min read
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Overview:

Directorate General of Commercial Intelligence and Statistics (DGCIS) initiates “detailed examination” after official trade figures showed that India’s gold imports in November surged threefold to an all-time high of $14.8 billion compared to the previous year.

About Directorate General of Commercial Intelligence and Statistics:

  • It is the premier organization of Government of India for collection, compilation and dissemination of India’s trade statistics and commercial information.
  • History
    • The Organization traces its origin to a statistical branch established in the Finance Department of the Government of India way back in 1862.
    • Sir William W. Hunter was the first DG of the DGCI & S or the Director General of Statistics as he was designated, back in 1871. 
  • Functions
    • It is entrusted with the work of collecting, compiling and publishing/disseminating trade statistics and various types of commercial information required by the policy makers, researchers, importers, exporters, traders as well as overseas buyers.
    • It is the first large scale data processing organization functioning as a nodal agency for Export & Import data in the country.
    • It also compiles and publishes the inland Trade Statistics covering inter-state movements of goods by rail, river and air on yearly basis.
  • It is headed by the Director General, an Additional Secretary level officer of Indian Statistical Services (ISS).
  • Nodal Ministry: It works under the Ministry of Commerce.
  • Headquarter: Kolkata.

Q1: What are statistics?

It is the science of collecting, analyzing, presenting, and interpreting data. Governmental needs for census data as well as information about a variety of economic activities provided much of the early impetus for the field of statistics. 

News:  Government to reexamine ‘unusual’ gold import surge amid indications of double-counting